The recent two days of nickel performance is spectacular, led by this, spot prices temporarily rose by a single day to the highest rate of the year. Nickel price closed yesterday at $15025, down $280, and stainless steel price was also a small callback.
Wuxi market of 304 Stainless Steel cold rolled JISCO/TISCO/Zhangpu price is 15000-15200 Yuan/ton, private price is 14400 Yuan/ton, it price is fell down 100 Yuan/ton compare to yesterday.
Today morning, Dongte 304 Stainless Steel hot rolled mainstream price is 14000 Yuan/ton, the price was almost the same as yesterday morning. However, can not be ignored is that yesterday afternoon nickel price sharp profit pull up, the market followed the spot inquiry to 14200 yuan / ton, and then compared to today's prices, in fact, the difference is not small.
Although the spot trend is weak, but the steel plant to support the main price, or even rising operation. Dongte guide price rise up 50 Yuan/ton, Hongwang 304 Stainless Steel cold rolled price also rise up 100 Yuan/ton.
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