Chinese 316 Stainless Steel Scrap Price Increases 2.3%

by on

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 to CNY 18,100 ($2,871) per metric ton.

The price of Chinese 304 stainless steel scrap remained steady at CNY 18,600 ($2,950) per metric ton. The price of Chinese 304 stainless coil remained essentially flat at CNY 18,600 ($2,950) per metric ton. For the fifth consecutive day, the price of Chinese 316 stainless coil held flat at CNY 32,000 ($5,076) per metric ton.

The price of Chinese ferro-chrome saw little movement at CNY 8,300 ($1,316) per metric ton. The price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($23,004) 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 to finish at CNY 131,250 ($20,823) per metric ton.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.