Chinese Stainless steel scrap prices gain on 9th June, 2015

Published: Jun 11, 2015 10:21

Save

The Chinese Stainless Steel scrap prices mostly edged higher on ScrapMonster Price Index as on June 9th, Tuesday.

Author: Paul Ploumis10 Jun 2015 Last updated at 06:28:02 GMT

BEIJING (Scrap Monster): The Chinese Stainless Steel scrap prices mostly edged higher on ScrapMonster Price Index as on June 9th, Tuesday.

201 SS prices climbed higher by CNY 100 per MT to CNY 4,000 per MT.

304 SS Solid prices too increased by CNY 100 per MT over the previous day.

The price of 304 SS Turning witnessed a rise of CNY 100 per MT.

309 SS and 310 SS prices witnessed marginal increase of CNY 100 per MT each.

316 SS Solid scrap prices edged higher by CNY 150 per MT over the day on June 9th.

Shred SS prices increased by CNY 100 per MT to CNY 9,150 per MT.

Meantime, steel scrap prices edged higher slightly. The prices of #HMS scrap and Cast Iron scrap increased by CNY 20 per MT.

Shred Zinc scrap prices remained flat over the previous day.

Stainless Steel scrap prices Stainless Steel scrap Stainless Steel

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 for 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

7 mins ago

Tight Supply Coupled With a Recovery in Rigid Demand Lifted Spot Premiums for North China Copper Cathode During the Week [SMM North China Spot Copper Cathode Weekly Review]

7 mins ago

26 mins ago

LME and SHFE Copper Both Closed Higher as Bulls Increased Positions, Spot Premiums Rose Rapidly [SMM Copper Morning Meeting Minutes]

SMM Morning Meeting Minutes: Overnight, LME copper opened at $14,191/mt, edged down to $14,181/mt in early trading, then drifted higher to a high of $14,310/mt, and finally closed at $14,306/mt, up 0.52%. Trading volume rose to 16,000 lots, and open interest rose to 270,000 lots, an increase of 4,294 lots from the previous trading day, indicating that bulls added positions. Overnight, the most-traded SHFE copper 2610 contract opened at 108,240 yuan/mt, hit an intraday low of 108,120 yuan/mt, then drifted higher to an intraday high of 108,640 yuan/mt, and finally closed at 108,590 yuan/mt, up 0.27%. Trading volume rose to 28,000 lots, and open interest rose to 213,000 lots, an increase of 308 lots from the previous trading day, indicating that bulls added positions.

26 mins ago

15 hours ago

East China Inventory Weekly Destocking Coupled with Tight Supply, Shanghai Spot Copper Premiums Accelerate Their Rise [SMM Shanghai Copper Spot Weekly Review]

15 hours ago