UTC+8 ( BJT)

China’s stainless prices grow, trades mixed

ABSTRACT

The spot offering prices of 304-grade stainless products across China strengthened by as much as Yuan 1,000/tonne ($155.6/t) on week over May 10-14, with the spot trading being robust until around mid-week before turning sluggish thereafter, market sources observed.
As of May 14, thespot price of304/2B 2mm stainless cold-rolled coil in Wuxi,in East China’s Jiangsu, had risen by a large Yuan 1,000/t on week to Yuan 17,600/t including the 13% VAT andin-warehouse to hit a new high since December 26 2016. That of stainless 304/No.1 5mm hot-rolled coil, also

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