316L Stainless steel market price review-19 Oct 2018

Today, molybdenum prices have remained stable. The transaction price of 47% molybdenum remained at 1940 yuan/ton, and the mainstream price of 40-45% remained at 1920-1930 yuan/ton, which was flat compared with yesterday.

The mainstream price of ferro-molybdenum remained at 139,000 yuan / 60 base tons, which was flat compared with yesterday, and the willingness to receive goods at the downstream high price was not strong.

The market and market outlook: Today's 316L stainless steel hot rolling still maintains a steady fine-tuning, individual inquiries continue to be slightly reduced, Dongte 316 stainless steel market quoted range to 21850-21950 yuan / ton, while Qingshan 316 stainless steel is visible 21800 yuan / ton!

In terms of cold rolling, waiting for the price to fall, the Wuxi stainless steel market went to 23,500-23,700 yuan / ton, and the local inquiry fell by 100 yuan / ton. On the other hand, the Foshan stainless steelmarket has a stable overall situation. The price difference between the state-run cold-rolled price and Wuxi stainless steel market is small, and the price is slightly higher than that of Wuxi.

However, the 316 stainless steel price of private resources after the market is slightly lower. Hot-rolled resources Dongte maintains 22,000 yuan / ton, Qingshan price is also slightly lower! In the short-term, even the cold-rolling that was strong and stable in the previous period has been shaken. Maybe in the second half of October, the market is still waiting for a battle!