WEEKLY: China's 304 stainless prices remain stable, sales quiet

China's prices of 304-grade stainless steel remained stable during February 5-11, as the spot market was quiet when most agents and end-users left the market ahead of the upcoming Chinese New Year holiday over February 15-23, Mysteel Global learned.

As of February 11, the spot price of 304/2B 2*1240mm Hongwang stainless cold-rolled coil in Wuxi, East China's Jiangsu province, was assessed by Mysteel at Yuan 14,150/tonne ($2,050/t) in-warehouse and including 13% VAT, the same level as one week earlier. Transactions for stainless steel in the physical market have largely