Chinese stainless steel prices

On April 24, 2012, 3-month prices of LME nickel fell by one percent, landing at $17,625 per metric ton and making it the day’s biggest mover in stainless steel inputs. Also on the LME, primary nickel spot prices fell 0.9 percent to $17,595 per metric ton.

Chinese stainless steel and its inputs closed mixed on Tuesday.

The price of Chinese 316 stainless coil was unchanged, holding above $5,000 per metric ton. Chinese 304 stainless coil saw little change in its price yesterday, under $3,000 per metric ton. The price of Chinese 316 stainless steel scrap remained steady as well, while Chinese 304 stainless steel scrap stayed flat.

The price of Chinese ferro-moly held steady under $30,000 per metric ton. The price of Chinese ferro-chrome continues hovering around the $1,300 per metric ton mark for the fifth day in a row. Also, the price of Chinese primary nickel increased 0.2 percent.

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On April 23, 2012, the day’s biggest mover in the stainless steel markets was Chinese 316 stainless steel scrap, which saw a 2.3 percent increase.

The price of Chinese 304 stainless steel scrap remained steady, below $3,000 per metric ton. The price of Chinese 304 stainless coil remained essentially flat as well, around that same price level. For the fifth consecutive day, the price of Chinese 316 stainless coil held flat above $5,000 per metric ton.

The price of Chinese ferro-chrome saw little movement, holding at above $1,300 per metric ton. The price of Chinese ferro-moly remained essentially flat at above $23,000 per metric ton.

After falling for two days, the primary nickel price rose 0.8 percent on the LME to $17,750 per metric ton. Also on the LME, the 3-month price of nickel rose 0.7 percent to $17,800 per metric ton. The price of Chinese primary nickel gained 0.6 percent.

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After Two Quiet Days, Chinese 316 Stainless Steel Scrap Price Drops

Chinese 316 stainless steel scrap saw a 3.3 percent drop on April 20, 2012, making it the biggest mover of that day in the stainless steel market.

The price of Chinese 304 stainless steel scrap nudged up 0.5 percent last Friday. The price of Chinese 304 stainless coil moved up 0.5 percent as well, while the price of Chinese primary nickel saw little movement last Friday, closing out under $21,000 per metric ton. For the fifth consecutive day, the price of Chinese 316 stainless coil held flat at above $5,000 per metric ton.

The Chinese ferro-moly price held steady at above $23,000 per metric ton. The price of Chinese ferro-chrome saw little movement, holding above $1,300 per metric ton.

The LME 3-month price of nickel closed Friday at $17,670 per metric ton, breaking out of its flat run with a 0.8 percent fall. The price of primary nickel saw a 0.6 percent decline on the LME to $17,605 per metric ton.

Weekly Stainless Steel and Raw Inputs Roundup

This past week saw the primary nickel price drop 4.3 percent on the LME, closing as the biggest mover in the stainless steel market at $17,605 per metric ton. The 3-month price of nickel closed at $17,670 per metric ton after a 4.3 percent decline on the LME.

Prices of Chinese stainless steel and other inputs were mixed for the week. The week finished with no movement for both Chinese ferro-chrome and ferro-moly prices.

Meanwhile, Chinese 316 stainless steel scrap dropped 3.8 percent over the past week. Since last week, the price of Chinese primary nickel fell 0.8 percent. Chinese 304 stainless steel scrap remained essentially flat from the previous week at below the $3,000 per metric ton threshold. Chinese 304 stainless coil traded sideways last week, hovering under $3,000 per metric ton as well. Prices for Chinese 316 stainless coil remained constant, closing the week under $5,100 per metric ton.

Closing at under $2,270 per metric ton, Korean 430 stainless steel coil remained unchanged for the week. Following a steady week, prices for Korean 304 stainless coil also closed flat above $3,700 per metric ton.

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On April 19, 2012, the price of Chinese primary nickel fell by 0.8 percent, making it the day’s biggest mover in the market of stainless steel inputs.

On the LME, the primary nickel spot price declined 0.2 percent to $17,720 per metric ton. Also on the LME, the 3-month price of nickel showed little movement on Thursday, hovering around $17,810 per metric ton.

For the fifth consecutive day, the price of Chinese ferro-chrome held flat above the $1,300 per metric ton mark. The price of Chinese ferro-moly held steady as well, above $23,000 per metric ton.

Chinese Stainless Holds

The price of Chinese 304 stainless steel scrap remained essentially flat, below $3,000 per metric ton. Chinese 316 stainless steel scrap did not move, staying above $2,900 per metric ton. The price of Chinese 304 stainless coil remained steady above $2,900 per metric ton. The price of Chinese 316 stainless coil remained even, holding above the $5,000 per metric ton mark.

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