China’s domestic stainless steel prices edge up

China’s domestic stainless steel prices ticked up slightly in the week ended on Wednesday December 30 amid pre-holiday demand and stable nickel prices.

The three-month nickel contract on the London Metal Exchange ended the official session on Wednesday at $16,838 per tonne, up by $91 per tonne from $16,747 per tonne a week earlier.
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,100-14,900 yuan ($2,160-2,283) per tonne, narrowed upward by 100 yuan per tonne from a week earlier.

End users raised procurement rates slightly over the past week to...


Jessica Zong

December 31, 2020

06:50 GMT