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China's 304 stainless prices fluctuate at high level

ABSTRACT

Chinese spot prices of 304-grade stainless steel under Mysteel's survey fluctuated within a high range over October 18-22, with prices moving generally in line with those of stainless steel futures on the Shanghai Futures Exchange (SHFE), market sources said.
For example, the spot price of 304/2B 2mm stainless cold-rolled coil in Wuxi, in East China's Jiangsu, underwent mild fluctuation over the past week before declining to Yuan 21,750/tonne ($3,408.2/t) in-warehouse and including the 13% VAT as of October 22, down by a small Yuan 150/t on week, Mysteel's data showed. The price

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