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China's 304 stainless prices fluctuate, demand poor

ABSTRACT

Chinese spot prices of 304-grade stainless steel fluctuated widely over October 11-15, with the declines being especially significant, Mysteel's latest survey shows. Market sources said last week's spot price swings were in sync with stainless futures prices, and that end-users' demand remains low.
As of October 15, the spot price of 304/2B 2mm stainless cold-rolled coil in Wuxi, a core stainless trading hub in East China's Jiangsu, had slid by Yuan 100/tonne ($15.7/t) on week to Yuan 21,900/t in-warehouse and including the 13% VAT, Mysteel's price tracking showed.   On the same day, the spot price of stainless

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