China’s stainless steel prices flat amid downstream weakness

China’s domestic stainless steel sellers raised their offers on nickel gains over the week ended Wednesday June 10 but failed to conclude any deals.

The three-month nickel contract on the London Metal Exchange ended Wednesday’s official trading session at $12,952 per tonne, up by $67 per tonne from a week earlier.
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 13,300-13,800 yuan ($1,884-1,955) per tonne, unchanged week on week

Some traders issued offers at 13,500-13,900 yuan per tonne in the past week, but buyers only agreed to place orders at the same prices as the previous week, sources...


Jessica Zong

Lee Ken Kiat

June 11, 2020

05:33 GMT