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
Nuode Reports 113.33% Revenue Growth, Turns Profitable with H1 Net Income of 103M Yuan
1 hour ago
Nuode Reports 113.33% Revenue Growth, Turns Profitable with H1 Net Income of 103M Yuan
Read More
Nuode Reports 113.33% Revenue Growth, Turns Profitable with H1 Net Income of 103M Yuan
Nuode Reports 113.33% Revenue Growth, Turns Profitable with H1 Net Income of 103M Yuan
Nuode (600110) disclosed its semi-annual report on July 30. H1 revenue was 6.433 billion yuan, up 113.33% YoY;net profit attributable to shareholders of the publicly listed firm was 103 million yuan, versus a loss of 72.4329 million yuan in the same period last year, marking a turnaround to profitability YoY; basic earnings per share was 0.0598 yuan.During the reporting period, the supply-demand pattern of the lithium battery copper foil industry experienced a complete reversal:outdated low-end capacity continued to exit the market, the rollout of new capacity in the industry slowed down, and combined with the surge in demand from both power batteries and energy storage, copper foil processing fees bottomed out. Leveraging its differentiated product portfolio of ultra-thin lithium battery copper foil and high-end electronic copper foil, the company successfully achieved a turnaround to profitability, with overall profitability improving significantly QoQ and YoY.
1 hour ago
South Korea and Chile Sign MOUs to Deepen Lithium and Copper Supply Chain Cooperation
1 hour ago
South Korea and Chile Sign MOUs to Deepen Lithium and Copper Supply Chain Cooperation
Read More
South Korea and Chile Sign MOUs to Deepen Lithium and Copper Supply Chain Cooperation
South Korea and Chile Sign MOUs to Deepen Lithium and Copper Supply Chain Cooperation
South Korean President Lee Jae-myung and Chilean President Jose Antonio Kast held a summit in Santiago, and on Thursday the two countries signed five memorandums of understanding, including a mineral resources cooperation document aimed at deepening cooperation in the lithium and copper supply chains.Lee Jae-myung stated that the two countries are "natural and ideal partners" in the field of critical minerals. He pointed out that Chile is the world's largest copper producer and possesses the world's largest lithium reserves, while South Korea has global leading advantages in high-end industries such as semiconductors and power batteries.This mineral cooperation agreement elevates bilateral relevant cooperation to the ministerial level, and plans to expand entire industry chain cooperation for core resources such as lithium and copper, covering information sharing, technology cooperation, and personnel exchanges.
1 hour ago
Chile's Copper Production Rises 5.1% YoY in June, Reaching 447,294 mt
1 hour ago
Chile's Copper Production Rises 5.1% YoY in June, Reaching 447,294 mt
Read More
Chile's Copper Production Rises 5.1% YoY in June, Reaching 447,294 mt
Chile's Copper Production Rises 5.1% YoY in June, Reaching 447,294 mt
Chile's National Institute of Statistics (INE) said on Friday that copper production in the world's largest producer, Chile, was up 5.1% YoY to 447,294 mt in June.
1 hour ago
Chinese Stainless steel scrap prices gain on 9th June, 2015 - Shanghai Metals Market (SMM)