WEEKLY: China 300-series stainless CRC prices rise, others steady

Spot prices of 300-series stainless cold-rolled coil (CRC) in Wuxi, East China's key stainless steel trading hub, rose last week in sync with gains recorded in the futures market, while those of 200- and 400-series remained largely unchanged, Mysteel Global learned. The week included China's Qingming Festival holiday on April 6.

On April 10, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless CRC in Wuxi at Yuan 14,500/tonne ($2,124/t) in-warehouse and including 13% VAT, up Yuan 100/t from a week earlier. On the same day, the most-traded stainless steel futures contract on the Shanghai Futures Exchange (SHFE) for