China’s domestic stainless steel prices flat amid inactivity

China’s domestic stainless steel prices held steady for a fifth week amid thin trading ahead of the Chinese New Year.

Fastmarkets MB’s domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,113-2,203) per tonne including value-added tax for the week ended Wednesday January 30, unchanged from a week earlier. Most trading houses and end users had stopped trading by Wednesday, which resulted in no price movement, market sources said. “Traders started their...

Published

Jessica Zong

January 31, 2019

04:51 GMT

Shanghai