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 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
Downstream restocking and cargo pick-up, market supply decreases [SMM North China Spot Copper]
28 mins ago
Downstream restocking and cargo pick-up, market supply decreases [SMM North China Spot Copper]
Read More
Downstream restocking and cargo pick-up, market supply decreases [SMM North China Spot Copper]
Downstream restocking and cargo pick-up, market supply decreases [SMM North China Spot Copper]
Today in North China, spot #1 copper cathode prices against the front-month contract were reported at discounts of 190–130 yuan/mt, with the average discount at 160 yuan/mt, up 10 yuan/mt from the previous trading day. The average transaction price stood at 104,580 yuan/mt, down 1,025 yuan/mt from the previous trading day.
28 mins ago
Copper Cathode Rod Enterprises See Operating Rate Drop to 67.55% in May, Down 3.64% MoM
1 hour ago
Copper Cathode Rod Enterprises See Operating Rate Drop to 67.55% in May, Down 3.64% MoM
Read More
Copper Cathode Rod Enterprises See Operating Rate Drop to 67.55% in May, Down 3.64% MoM
Copper Cathode Rod Enterprises See Operating Rate Drop to 67.55% in May, Down 3.64% MoM
1 hour ago
Lobito Railway Resumes Copper Shipments from DRC Following Flood Repairs
2 hours ago
Lobito Railway Resumes Copper Shipments from DRC Following Flood Repairs
Read More
Lobito Railway Resumes Copper Shipments from DRC Following Flood Repairs
Lobito Railway Resumes Copper Shipments from DRC Following Flood Repairs
Lobito Atlantic Railway (LAR) has resumed operations on a key section of its rail corridor and received its first copper shipment from the Democratic Republic of Congo since repairing flood-damaged infrastructure. The rail link between the Port of Lobito and Huambo had been disrupted for approximately two months due to severe flooding. During the outage, LAR maintained cargo movements through a contingency plan involving rail and truck transfers. The Lobito Corridor is a major export route for copper and cobalt from the DRC to the Atlantic coast, and the restoration of rail traffic is expected to improve logistics efficiency for critical minerals exports from Central Africa.
2 hours ago
Chinese Stainless steel scrap prices gain on 9th June, 2015 - Shanghai Metals Market (SMM)