Nickel price was fell, Tsingshan finally couldn't hold down 300!

October 27th

Yesterday nickel concussion walk down, opened in early trading after the rapid rise, after hitting a rapid decline after 11975, after the shock in the vicinity of 11890 night disc after 9 due to a stronger dollar led a rapid dive, hitting an intraday low of 11650 points, closing slightly, finally closed at 11765 U.S. dollars/ton, down 0.72%.

Nickel prices continued to fall, today the whole price fall down 300 Yuan/ton, 304 material round steel price is 14600 Yuan/ton, 316L material round steel price is 20300 Yuan/ton, 321 material round steel price is 16900 Yuan/ton.

Near the end of the month, everybody just want to make profit, try to ship, did not expect nickel price finally can not support, price drop bitter, what’s more bitter is the lack of goods.

Keyword: nickel price, stainless steel market, 304 round steel price, 316L round steel price, 321 round steel price.