China's SS price up 22% after hitting one-year low May 18, 2018
The price of stainless 304/No.1 5mm hot-rolled coil in Foshan, one of China's core stainless trading hubs in South China's Guangdong province, has soared by Yuan 2,600/tonne ($413/t) or 22% as of May 16 - from the one-year low it hit on June 12 last year - and is now at Yuan 14,200/t in-warehouse including the 16% VAT, according to Mysteel's database. But the surge from last year's trough of Yuan 11,600/t is mainly due to the rise in raw materials prices and not the result of a huge change in demand.
China's SS price recedes on nickel price softening Apr 27, 2018
The 300-series stainless steel prices in Foshan, one of China's core stainless trading hubs in South China's Guangdong province, receded on April 27, closely tailing behind the subsiding nickel price since April 20, as weak demand and high stocks continued to weigh on the prices.