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 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

20 mins ago

Copper Price Decline Activated Some Buying, Shanghai Spot Copper Premiums Remained Under Pressure

Intraday SHFE copper prices edged down, effectively activating some downstream buying interest. According to SMM, orders at some downstream processing enterprises increased by approximately 30% compared to the previous trading day, with part of the transactions concentrated around 103,500 yuan/mt, indicating that current price levels still held certain appeal for end-users. Inventory side, SMM data showed that social inventory in the Shanghai region was recorded at 181,800 mt, down 2,800 mt WoW from last Thursday; inventory in the Jiangsu region was 38,100 mt, up slightly by 1,200 mt WoW from last Thursday. Overall, a mild destocking trend was observed, with inventory pressure easing marginally. Market performance side, supplier offers were basically stable, and the transaction center showed no significant downward shift. Overall, supported by demand release stimulated by copper price pullbacks and mild destocking, spot prices against the SHFE copper 2606 contract are expected to remain at a discount tomorrow, continuing a generally stable trend.

20 mins ago

1 hour ago

Declining Copper Prices Activated Some Buying, Shanghai Spot Copper Premiums Remained Under Pressure [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Intraday SHFE copper prices edged down, effectively activating some downstream buying interest. According to SMM, orders from some downstream processing enterprises increased by approximately 30% compared to the previous trading day, with some transactions concentrated around 103,500 yuan/mt, indicating that current price levels still hold certain appeal for end-users. Inventory side, SMM data showed that social inventory in the Shanghai area registered 181,800 mt, down 2,800 mt WoW from last Thursday; inventory in the Jiangsu area was 38,100 mt, up slightly 1,200 mt WoW from last Thursday. Overall, a mild destocking trend was observed, with inventory pressure easing marginally. From market performance, suppliers' offers remained basically stable, and the transaction center showed no significant downward shift. Overall, supported by demand release stimulated by copper price pullbacks and mild destocking, spot prices against the SHFE copper 2606 contract are expected to remain at a discount tomorrow, continuing a generally stable trend.

1 hour ago

Copper Prices Pulled Back with Increased Downstream Procurement, Overall Trading Slightly Better Than Last Friday [SMM South China Spot Copper]

1 hour ago