China’s stainless steel export prices rise after rebate removal, gains in nickel

Export prices for Chinese stainless steel increased sharply on Wednesday May 12 due to the the removal of China's 13% export rebate and the rising nickel prices on the London Metal Exchange.

The LME three-month nickel contract ended the official trading session on Wednesday at $17,942 per tonne, up by $680 per tonne from $17,262 per tonne on April 28.

Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 16,500-17,300 yuan ($2,558-2,682) per tonne, up by 1,200-1,500 yuan per tonne.


Jessica Zong

May 13, 2021

11:55 GMT