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China’s spot stainless prices fall on tight cash flow, weak demand

June 26, 2014 - 09:46 GMT Location: Shanghai

KEYWORDS: China , stainless , LME nickel , 300-series

China’s spot stainless steel prices fell this week on tight liquidity and sluggish demand in the market.

Benchmark 304 cold rolled coil traded at 17,400-17,600 yuan ($2,822-2,854) per tonne including VAT in the major Wuxi market on Thursday June 26, down 300 yuan per tonne from Metal Bulletin sister title Steel First’s assessment last Friday.  "Market sentiment is very fragile with the weak...

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