Contrary to the trend, today the welded tube rise up 100!

Yesterday the nickel price weakened substantially, early trading after a small pull up, intraday touched around 13905 quickly fell back, followed by shocks down, the night session accelerated down, the final close of $13395 per ton. Down 3.25%.

Nickel price is low, but today there is a price increase in the tube, today there are merchants to pull up 100,304 materials of stainless steel welded tube quote in 17300 Yuan/ton. The price of 316l stainless steel welded tube is 24700 Yuan/ton.

The nickel price drops, the Stainless steel tube price is rises, why is this? Want to know, the period of tube is long, price adjustment speed is compared with sheet metal is slower. Before nickel price skyrocketed to 304 Dongte hot rolling rises from 14100 Yuan/ton to 14350 Yuan/ton, direct rise 250 Yuan/ton, the billet rises much. Why don't the tube go up?

Keyword: welded tube price, stainless steel market, Stainless steel tube, Stainless steel sheet, stainless steel coil, stainless steel hot rolling sheet price.