Stainless MMI®: Chinese Stainless Steel Prices Mixed

by on
Style:
Category:
Metal Prices, Premium

Chinese stainless steel prices were mixed for the week. Following a steady week, prices for Chinese ferro-chrome closed flat at CNY 8,300 ($1,369) per metric ton. Chinese ferro-moly remained essentially flat from the previous week at CNY 145,000 ($23,912) per metric ton.

Last week, the price of Chinese primary nickel shifted slightly, rising by 0.6 percent to close at CNY 96,300 ($15,881) per metric ton. Prices for Chinese 304 stainless steel scrap remained constant, closing the week at CNY 16,400 ($2,705) per metric ton. At CNY 16,100 ($2,655) per metric ton, the week finished with no movement for Chinese 316 stainless steel scrap. Closing at CNY 16,400 ($2,705) per metric ton, Chinese 304 stainless coil remained unchanged for the week. Chinese 316 stainless coil prices held steady from the previous week at CNY 26,000 ($4,288) per metric ton.

Korean 430 stainless steel coil traded sideways last week, hovering around KRW 2.6 million ($2,376) per metric ton. Korean 304 stainless coil prices held steady from the previous week at KRW 4.2 million ($3,881) per metric ton.

Following a 3.3 percent increase in the week prior, the Indian nickel cash price fell 0.5 percent last week to INR 895.20 ($14.45) per kilogram. The 3-month price of nickel fell 0.2 percent on the LME to $14,105 per metric ton after rising 0.4 percent the week before. Following a 0.5 percent increase in the week prior, the nickel spot price fell 0.1 percent on the LME last week to $14,045 per metric ton.

The Stainless MMI® collects and weights 14 global stainless steel and raw material price points to provide a unique view into stainless steel price trends. For more information on the Stainless MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

{Comments Off on Stainless MMI®: Chinese Stainless Steel Prices Mixed Comments Off on Stainless MMI®: Chinese Stainless Steel Prices Mixed}