Last week, nickel price rose to 430 stainless steel is also a bit of a calm, but now look at the market prices, there are hidden dangers.
TISCO guide price continue keep in 8950 Yuan/ton, even though the 3-series price has been slashed sharply over the past few days, the price is still stable in Taishan. Spot market, although there is no lack of 8900 Yuan/ton price, but the inquiry point of view, is also seen 8750 Yuan/ton price. On the other hand, hot rolling, or the relatively slow fall, TISCO Resources 8300-8500 Yuan/ton.
The declining 430 stainless steel is also a chill for many traders. Since April, 430 has fallen by around 500. While stability is what the market wants, it is still a bit too weak.
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