WEEKLY: Wuxi stainless CRC prices mixed, 300-series down

Spot prices of stainless cold-rolled coil (CRC) in Wuxi, East China's major stainless trading hub, showed diverging trends last week, with 300-series prices falling with softening futures, while 200- and 400-series largely held stable, according to Mysteel's survey results.

Mysteel assessed the price of 304/2B Hongwang 2.0×1240mm stainless CRC in Wuxi at Yuan 14,800/tonne ($2,192/t) in-warehouse including 13% VAT on July 31, lower by Yuan 100/t from a week earlier. Austenitic CRC prices edged lower mainly as stainless steel futures lost ground earlier last week. The most-traded September contract