304 Stainless steel coil/sheet price in China-25 Oct 2018

LME Nickel fell sharply at night. Up to now, the figure of 12,000 US dollars / ton has been detected. In fact, this is also the psychological bottom line of many market participants. Once it breaks through, the nickel price will have a high probability to continue down. Moreover, the current risk incidents are caught off guard, causing people's worries about the global economic slowdown to intensify, risk aversion is heating up, and the current market demand is very uncertain, and nickel prices still have room to fall.

This also cast a shadow over the current 304 Stainless Steel market. Today, the prices of 304 cold rolled stainless steel and hot rolled stainless steel in Wuxi and Foshan are still mainly flat, and the stainless steel price seems to be “firm”. However, as the merchants do not ship smoothly, the actual transaction in the afternoon will be 50-100 yuan/ton. Amplitude, in the case of a large order, can also be "negotiated".

It is reported that in Wuxi stainless steel market, 304 hot rolled stainless steel has a downward adjustment of 50 yuan / ton in the afternoon, and five-foot hot rolling has been lowered from 14700-14750 yuan / ton to 14650-14700 yuan / ton. Foshan stainless steel market, private producing areas, the quotations of various businesses are extremely uniform, but in the afternoon, some merchants took the lead to reduce the 50 yuan / ton test water, it is reported that the 304 Stainless Steel transaction can be about 15300-15350 yuan / ton.

---Hong Yue Stainless Steel LTD

Professional manufacturer of stainless steel products