Chinese domestic stainless steel prices follow nickel lower

China’s domestic stainless steel market again narrowed downward over the past week as nickel prices declined.

 Metal Bulletin’s assessment of prices for benchmark 304 stainless cold rolled coil was 14,500-15,000 yuan ($2,193-2,269) per tonne including VAT in the major market of Wuxi for the week ended Thursday November 30, against 14,500-15,100 yuan per tonne from a week earlier.
Market participants contributed the downward movement in prices to losses in the nickel market.



Jessica Zong

December 01, 2017

02:25 GMT