China’s domestic stainless steel prices lose upward momentum

Domestic stainless steel prices in China dropped over the past week , reflecting weakness in nickel futures, while demand for finished products was stable.

Fastmarkets MB’s domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,200 yuan ($2,191-2,265) per tonne including value-added tax for the week ended Wednesday March 13, down 300-400 yuan per tonne from a week earlier. The nickel contracts on the London Metal Exchange and the Shanghai Futures Exchange both dropped over...

Published

Jessica Zong

March 14, 2019

05:08 GMT

Shanghai