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
Data: SHFE, DCE market movement (Jun 08)
12 hours ago
Data: SHFE, DCE market movement (Jun 08)
Read More
Data: SHFE, DCE market movement (Jun 08)
Data: SHFE, DCE market movement (Jun 08)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 08 Jun , 2026
12 hours ago
This week, copper social inventories in major regions of China continued destocking [SMM weekly data].
15 hours ago
This week, copper social inventories in major regions of China continued destocking [SMM weekly data].
Read More
This week, copper social inventories in major regions of China continued destocking [SMM weekly data].
This week, copper social inventories in major regions of China continued destocking [SMM weekly data].
15 hours ago
Macro Factors Weigh on Copper Prices, SHFE Copper Inter-Month Spread Occasionally Sees Backwardation Structure [SMM Shanghai Spot Copper]
16 hours ago
Macro Factors Weigh on Copper Prices, SHFE Copper Inter-Month Spread Occasionally Sees Backwardation Structure [SMM Shanghai Spot Copper]
Read More
Macro Factors Weigh on Copper Prices, SHFE Copper Inter-Month Spread Occasionally Sees Backwardation Structure [SMM Shanghai Spot Copper]
Macro Factors Weigh on Copper Prices, SHFE Copper Inter-Month Spread Occasionally Sees Backwardation Structure [SMM Shanghai Spot Copper]
[SMM SHFE Copper Spot] Looking ahead to tomorrow, last Friday (June 5) the US May non-farm payrolls data significantly exceeded expectations, and the March and April non-farm payrolls figures were revised upward. Market expectations for a US Fed interest rate hike this year intensified, pushing the US dollar index back above the 100 mark and exerting notable pressure on copper prices. According to SMM, after the copper price decline, end-user dip-buying sentiment recovered, with active pricing and orders significantly increasing compared with last Friday, boosting overall market trading activity. Meanwhile, suppliers’ willingness to sell at low prices weakened, and today’s spot discount for SHFE copper narrowed markedly from earlier levels. From the perspective of delivery dynamics, next week is the delivery week for the SHFE copper 2606 contract. As delivery approaches, suppliers are more inclined to ship to delivery warehouses, which is likely to further tighten the availability of low-priced cargo and provide support for the spot discount. The spot discount is expected to continue narrowing before delivery.
16 hours ago
Chinese Stainless steel scrap prices gain on 9th June, 2015 - Shanghai Metals Market (SMM)