China’s stainless steel prices rise further on strong domestic demand

China’s domestic and export prices for stainless steel kept rising over the past week on steady local end-user demand and nickel gains.

The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday June 30 at $18,440 per tonne, up by $571 per tonne from $17,869 per tonne a week earlier.
Domestic
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 17,200-17,800 ($2,664-2,757) per tonne, up by 300 yuan per tonne

“My customers were actively booking the product over the past week because they are worried that a stronger nickel market might push up prices for stainless steel further,” a trader in Wuxi...

Published

Jessica Zong

July 01, 2021

05:51 GMT

Shanghai