Although nickel price closed today, but 304 Stainless Steel market, the price is not stoppage, near noon, the market began to scramble to raise prices. Breaking through 15000, merchants continue to chase up!
The morning market maintained last week's strong price pattern, but close to midday, Wuxi, Foshan 304 Stainless Steel markets opened the pattern of continuous growth.
Wuxi market, Hongwang/Yongjin/Chengde four feet base price is 14900-15000 Yuan/ton, one of the thick materials tight, the most obvious price rise. In addition, it is reported that at present, due to the fact that there are no new resources to supplement the five feet of TISCO other producing areas, such as JISCO and Hongwang, have risen to 15500-15600 yuan per ton in the afternoon, and rise of 200 Yuan/ton.
Foshan market, many private production areas have basically broken through 15000 Yuan/ton, afternoon business is also continued to catch up to 100 Yuan/ton, reported to 15100 Yuan/ton. The market is also due to lack of thick materials, so JISCO thick material reported to 15700 Yuan/ton (cutting edge) deal.
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