Chinese stainless steel closed mixed yesterday. The price of Chinese ferro-chrome saw little movement at CNY 8,300 ($1,372) per metric ton. The price of Chinese ferro-moly held steady at CNY 145,000 ($23,966) per metric ton.
The price of Chinese primary nickel declined 0.5 percent to CNY 96,100 ($15,883) per metric ton. The price of Chinese 316 stainless coil continues hovering around CNY 26,000 ($4,297) per metric ton for the fifth day in a row. The price of Chinese 304 stainless coil remained essentially flat at CNY 16,400 ($2,711) per metric ton. The price of Chinese 316 stainless steel scrap was unchanged at CNY 16,100 ($2,661) per metric ton. For the fifth consecutive day, the price of Chinese 304 stainless steel scrap held flat at CNY 16,400 ($2,711) per metric ton.