[SMM Analysis] the price of scrap stainless steel is on the strong side this week, but it is seen as weak in the fourth quarter.

SMM, 25 Oct:

The price of waste stainless steel edge material is slightly higher than that at the beginning of Zhou Dynasty by 50 yuan / ton, quoted at 10200-10400 yuan / ton, with an average price of 10300 yuan / ton.

The price of waste is stable, quoted at 4250-4350 yuan / ton, with an average price of 4300 yuan / ton.

430 waste is quoted at 3700-3750 yuan / ton, the prices are the same as last week.

This week 304 stainless steel waste price trend is stable in the strong, some traders said that this week stainless steel waste market normal purchase, the transaction is stable.

To some extent, the strong trend of price is affected by the rise of nickel price this week, and may be on the strong side in the near future, but the overall demand of stainless steel finished product market is weak, and some operators hold a weak attitude to the trend of stainless steel waste market in the late fourth quarter.

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