WEEKLY: China's stainless steel prices show mixed trends

China's domestic spot stainless steel market showed mixed trends last week, with 300-series prices gaining steam from stainless futures rallies and expectations for tightening nickel raw material supply, while prices for 200- and 400-series held largely stable.

On November 6, Mysteel assessed 304/2B Hongwang 2*1240mm cold-rolled coil (CRC) in Wuxi, East China, at Yuan 14,400/tonne ($2,157/t) in-warehouse and including the 13% VAT, up by Yuan 400/t on week. The same day, the most-traded stainless steel contract on the Shanghai Futures Exchange closed the daytime session at