stainless steel price

The price of Chinese primary nickel saw a 0.9 percent drop on May 29, 2012, landing at CNY 126,000 ($19,900) per metric ton and making it the biggest mover of the day. Chinese 304 stainless steel scrap held its value yesterday at CNY 18,200 ($2,874) per metric ton. The price of Chinese 316 stainless steel scrap showed little movement yesterday at CNY 17,600 ($2,778) per metric ton. The price of Chinese 304 stainless coil remained essentially flat at CNY 18,200 ($2,874) per metric ton. The price of Chinese 316 stainless coil showed little movement yesterday at CNY 30,700 ($4,848) per metric ton.

The price of Chinese ferro-chrome continues hovering around CNY 8,300 ($1,310) per metric ton for the fifth day in a row. For the fifth consecutive day, the price of Chinese ferro-moly held flat at CNY 145,000 ($22,901) per metric ton.

After a 0.1 percent increase, the 3-month price of nickel finished the day on the LME at $17,075 per metric ton. After dropping for two days, the cash price of primary Indian nickel flattened at INR 938 ($17). The spot price of nickel ended a two-day climb, settling at $16,975 per metric ton on the LME.

The biggest mover over the past seven days on the Stainless MMI® was Chinese 316 stainless steel scrap, which saw a 4.3 percent decline. Chinese 316 stainless coil closed out the week with a 1.3 percent decline. Chinese 304 stainless steel scrap saw a 0.5 percent decline over the past week, while Chinese 304 stainless coil fell 0.5 percent.

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The day’s biggest mover was the cash price of primary Indian nickel which dropped by 0.8 percent on May 28, 2012 to close at INR 938 ($16) per kilogram. On the LME, the nickel spot price rose 0.4 percent to $16,975 per metric ton. After a 0.3 percent increase, the nickel 3-month price finished the day on the LME at $17,050 per metric ton.

Chinese stainless steel prices closed flat for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,310) per metric ton. The price of Chinese ferro-moly saw little movement at CNY 145,000 ($22,891) per metric ton.

Chinese 316 stainless coil saw little change in its price last Friday at CNY 30,700 ($4,846) per metric ton. The price of Chinese 304 stainless coil remained essentially flat at CNY 18,200 ($2,873) per metric ton. Chinese 316 stainless steel scrap stayed flat at around CNY 17,600 ($2,778) per metric ton. The price of Chinese 304 stainless steel scrap showed little movement last Friday at CNY 18,200 ($2,873) per metric ton. The price of Chinese primary nickel saw little change in its price last Friday at CNY 127,200 ($20,081) per metric ton.

On May 25, 2012, the day’s biggest mover was the price of Chinese 316 stainless coil, which saw a one percent decline to CNY 30,700 ($4,846) per metric ton. After remaining flat for three days, the price of Chinese 304 stainless steel scrap fell 0.5 percent last Friday to CNY 18,200 ($2,873) per metric ton. After three essentially changeless days, the price of Chinese 304 stainless coil dropped 0.5 percent last Friday to CNY 18,200 ($2,873) per metric ton. The price of Chinese primary nickel increased 0.3 percent to CNY 127,200 ($20,080) per metric ton. Chinese 316 stainless steel scrap saw little change in its price last Friday at CNY 17,600 ($2,778) per metric ton.

The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, remaining around CNY 8,300 ($1,310) per metric ton. The price of Chinese ferro-moly saw little movement at CNY 145,000 ($22,890) per metric ton.

Indian nickel cash price closed at INR 946 ($17) per kilogram. Following a couple days of improvement, prices fell by 0.6 percent. On the LME, the 3-month price of nickel inched up 0.6 percent to $17,000 per metric ton. After a 0.2 percent increase, the nickel spot price finished the day on the LME at $16,910 per metric ton.

The week’s biggest mover on the Stainless MMI® was Chinese 316 stainless steel scrap, which saw a 4.3 percent decline to CNY 17,600 ($2,778) per metric ton. After a 1.3 percent decline, Chinese 316 stainless coil closed out the week at CNY 30,700 ($4,846) per metric ton. The price of Chinese primary nickel rose 1.1 percent to CNY 127,200 ($20,080) per metric ton after falling 3.7 percent during the previous week. Chinese 304 stainless steel scrap saw a 0.5 percent decline over the past week to CNY 18,200 ($2,873) per metric ton. Chinese 304 stainless coil fell 0.5 percent over the past week to CNY 18,200 ($2,873) per metric ton.

At CNY 8,300 ($1,310) per metric ton, the price of Chinese ferro-chrome did not change since the previous week. Chinese ferro-moly prices held steady from the previous week at CNY 145,000 ($22,890) per metric ton.

Korean 430 stainless steel coil remained essentially flat from the previous week at KRW 2.6 million ($2,215) per metric ton. Closing at KRW 4.2 million ($3,618) per metric ton, Korean 304 stainless coil remained unchanged for the week.

Last week, the cash price of primary Indian nickel shifted slightly, rising by 0.8 percent to close at INR 946 ($17) per kilogram. The 3-month price of nickel rose 0.1 percent on the LME to $17,000 per metric ton after falling 1.4 percent during the previous week. At $16,910 per metric ton, the nickel spot price remained essentially flat on the LME.

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.

The price of Chinese primary nickel saw the biggest shift of the day on stainless steel and its raw materials inputs markets, dropping three percent on May 24, 2012. The price of Chinese 316 stainless steel scrap increased 1.7 percent, while holding under $2,900 per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged.

The price of Chinese 304 stainless coil remained essentially flat below $2,900 per metric ton. Chinese 316 stainless coil held its value on Thursday at below $4,900 per metric ton.

And how did ferro-alloy prices and other nickel prices fare?

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The price of Chinese primary nickel saw the biggest shift of the day, dropping three percent to close at CNY 126,800 ($20,031) per metric ton on May 24, 2012. The price of Chinese 316 stainless steel scrap increased 1.7 percent to CNY 17,600 ($2,780) per metric ton. At CNY 18,300 ($2,890) per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged. The price of Chinese 304 stainless coil remained essentially flat at CNY 18,300 ($2,890) per metric ton. Chinese 316 stainless coil held its value on Thursday at CNY 31,000 ($4,897) per metric ton.

The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, remaining around CNY 8,300 ($1,311) per metric ton. The price of Chinese ferro-moly saw little movement at CNY 145,000 ($22,906) per metric ton.

On the LME, the nickel 3-month price fell 0.9 percent to $16,900 per metric ton. The spot price of nickel saw a 0.9 percent decline on the LME to $16,875 per metric ton. After a 0.8 percent increase, Indian nickel cash price finished the day at INR 952 ($17) per kilogram.

With a 1.5 percent increase over the past day, the LME nickel spot price was the biggest mover on global stainless steel and raw materials markets, closing at $17,025 per metric ton on May 23, 2012. After a 1.2 percent increase, the 3-month price of nickel finished the day on the LME at $17,055 per metric ton. Indian nickel cash price rose one percent.

Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome was unchanged, and for the fifth consecutive day, the price of Chinese ferro-moly held flat.

Chinese 316 stainless coil held its value on Wednesday at above $4,900 per metric ton. The price of Chinese 304 stainless coil showed little movement on Wednesday at below $2,900 per metric ton. For the twelfth day in a row, the price of Chinese 316 stainless steel scrap fell and is currently between $2,700 and $2,750 per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat below $2,900 per metric ton.

The price of Chinese primary nickel steadied at above $20,700 per metric ton following two-days of increases.

With a 1.5 percent increase over the past day, the nickel spot price was the biggest mover on the LME, closing at $17,025 per metric ton on May 23, 2012. After a 1.2 percent increase, the 3-month price of nickel finished the day on the LME at $17,055 per metric ton. Indian nickel cash price rose one percent to INR 944 ($17) per kilogram.

Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome was unchanged at CNY 8,300 ($1,314) per metric ton. For the fifth consecutive day, the price of Chinese ferro-moly held flat at CNY 145,000 ($22,957) per metric ton.

Chinese 316 stainless coil held its value on Wednesday at CNY 31,000 ($4,908) per metric ton. The price of Chinese 304 stainless coil showed little movement on Wednesday at CNY 18,300 ($2,897) per metric ton. For the twelfth day in a row, the price of Chinese 316 stainless steel scrap fell and is currently at CNY 17,300 ($2,739) per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 18,300 ($2,897) per metric ton. The price of Chinese primary nickel steadied at CNY 130,750 ($20,701) per metric ton following two-days of increases.

The day’s biggest mover on stainless steel and its raw materials inputs markets broke away from a static phase with a six percent drop on May 22, 2012. After three changeless days, the price of Chinese 316 stainless steel scrap closed between $2,700 and $2,750 per metric ton.

On Tuesday, the price of Chinese primary nickel experienced a large decrease as well, rising 3.8 percent.

Other Chinese stainless prices saw downward movement.

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