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

Published: Jun 11, 2015 10:21
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.
 

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
Copper's Strategic Role in AI Era Sparks Debate on US Import Tariffs Ahead of Key Report Deadline
10 hours ago
Copper's Strategic Role in AI Era Sparks Debate on US Import Tariffs Ahead of Key Report Deadline
Read More
Copper's Strategic Role in AI Era Sparks Debate on US Import Tariffs Ahead of Key Report Deadline
Copper's Strategic Role in AI Era Sparks Debate on US Import Tariffs Ahead of Key Report Deadline
Copper is an irreplaceable material for power generation and has become a strategic resource in the AI era. A critical period is now approaching: the US Department of Commerce must submit a latest copper market assessment report by June 30, recommending whether the US should impose import tariffs on copper cathode.
10 hours ago
Shipping Prices Surge Due to Geopolitical Disruptions and Increased Global Demand
10 hours ago
Shipping Prices Surge Due to Geopolitical Disruptions and Increased Global Demand
Read More
Shipping Prices Surge Due to Geopolitical Disruptions and Increased Global Demand
Shipping Prices Surge Due to Geopolitical Disruptions and Increased Global Demand
The current surge in shipping prices is mainly driven by rising shipping costs due to Middle East geopolitical disruptions, sustained restocking demand fueled by finer global division of labor and geopolitical risk aversion, and the concentrated release of stockpiling demand outside China, as Europe and the US kick off their H2 stock-up-in-advance cycle for the peak consumption season. The sharp increase in cargo volume has rapidly tightened the supply-demand balance for shipping capacity. However, the trend of shipping prices in H2 remains unclear.
10 hours ago
Victory Precision Updates on Magnetron Sputtering Systems, Electroplating Lines, and Composite Copper Foil Project
10 hours ago
Victory Precision Updates on Magnetron Sputtering Systems, Electroplating Lines, and Composite Copper Foil Project
Read More
Victory Precision Updates on Magnetron Sputtering Systems, Electroplating Lines, and Composite Copper Foil Project
Victory Precision Updates on Magnetron Sputtering Systems, Electroplating Lines, and Composite Copper Foil Project
Victory Precision stated on its interactive platform on June 5 that at the current stage, the company has three magnetron sputtering systems and three electroplating lines, with a new electroplating line being installed and commissioned. The composite copper foil project is still in the stages of process optimization, sample testing, and mass production preparation. The company has achieved small-batch supply earlier but has not yet secured large-volume orders. The company will advance its investment based on its own project progress, actual market demand, and the overall progress of the industry.
10 hours ago