[SMM Stainless Steel Flash] Indonesian Major Mill Hikes 316L Export Price by $100/t

Published: Mar 4, 2026 18:03

Save

According to SMM, on March 4, an Indonesian major stainless steel mill raised its 316L export quotation by USD 100/mt, pushing the price spread between 316L and 304 to USD 1,800/mt. This sharp increase is driven by a rallying molybdenum market: while domestic mines have begun concentrated shipments, molybdenum concentrate transaction prices continue to trend upward. The entire industry chain currently exhibits firm raw material prices and cost-driven pressure, with downstream demand gradually following suit. Strong cost support from the ferromolybdenum market has led to this significant price divergence.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

52 mins ago

Nickel Prices Rise Amid Cost Pressures, Stainless Steel Demand Subdued

[SMM Nickel Flash] March 4 news: Supply side, nickel ore and auxiliary material prices continued to rise, upstream cost pressure gradually increased, and quotes remained firm. Demand side, steel scrap currently has a clear cost advantage, stainless steel selling prices were flat, and under losses pressure, purchasing sentiment was relatively subdued.

52 mins ago

53 mins ago

SMM High-Grade NPI Sentiment Rises in March, Upstream and Downstream Factors Improve

[SMM High-Grade NPI] News on March 4: The SMM high-grade NPI market sentiment factor was 2.09, up 0.02 MoM; the high-grade NPI upstream sentiment factor was 2.87, up 0.01 MoM; and the high-grade NPI downstream sentiment factor was 1.32, up 0.03 MoM.

53 mins ago

3 hours ago

Data: SHFE, DCE market movement (Mar 04)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Mar , 2026

3 hours ago