Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi)
: 14,400-15,100 yuan ($2,117-2,220) per tonne, up from 14,300-15,100 yuan per tonne a week earlier
Downstream factories raised procurement rates to build up stocks for consumption during the week-long public holiday starting on Thursday, when they maintain production but most stainless steel sellers are closed.
“The increase in the rate of demand is not very large, so stainless steel prices didn’t rise sharply,” a trader in Wuxi said.
Market inventories of type 300 stainless steel flat was at 330,000 tonnes in...