WEEKLY: China stainless steel prices show mixed trends

China's spot prices for 300-series stainless steel rose during June 15-18 ahead of the country's Dragon Boat Festival holiday (June 19-21), while those for 200- and 400-series remained stable over the same period, according to Mysteel's survey results.

On June 18, Mysteel assessed 304/2B Hongwang 2×1240mm stainless cold-rolled coil (CRC) in Wuxi, a key stainless hub in East China, at Yuan 15,200/tonne ($2,245/t) in-warehouse including 13% VAT, up Yuan 250/t from a week earlier. The price gains tracked strength in the futures market, with the most-traded stainless contract