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
Dongzhi International Corporation Assists SMM in Creating the *2026 Global Secondary Copper Industry Distribution Map*
24 mins ago
Dongzhi International Corporation Assists SMM in Creating the *2026 Global Secondary Copper Industry Distribution Map*
Read More
Dongzhi International Corporation Assists SMM in Creating the *2026 Global Secondary Copper Industry Distribution Map*
Dongzhi International Corporation Assists SMM in Creating the *2026 Global Secondary Copper Industry Distribution Map*
24 mins ago
India’s Cable and Wire Industry Expects 30% Revenue Growth
1 hour ago
India’s Cable and Wire Industry Expects 30% Revenue Growth
Read More
India’s Cable and Wire Industry Expects 30% Revenue Growth
India’s Cable and Wire Industry Expects 30% Revenue Growth
India’s cable and wire industry is expected to achieve around 30% revenue growth in the coming fiscal year, supported by infrastructure investment, manufacturing expansion, and construction activity. Industry groups said higher copper and aluminum prices are increasing costs but also lifting selling prices. Continued investments in grid modernization and renewable energy are expected to drive stronger copper consumption. Analysts see India emerging as a major contributor to global copper demand growth.
1 hour ago
Goldman Sachs and Citi Turn More Bullish on Copper Amid Supply Risks
1 hour ago
Goldman Sachs and Citi Turn More Bullish on Copper Amid Supply Risks
Read More
Goldman Sachs and Citi Turn More Bullish on Copper Amid Supply Risks
Goldman Sachs and Citi Turn More Bullish on Copper Amid Supply Risks
Goldman Sachs and Citi have turned increasingly bullish on copper, citing mounting supply-side risks across the global market. Goldman Sachs and Citi highlighted disruptions at Kamoa-Kakula, delays at Grasberg, and declining ore grades at major mines as key concerns. Meanwhile, demand from AI infrastructure, power-grid expansion, and clean-energy projects continues to strengthen. Both banks believe copper prices could remain well supported in the coming months.
1 hour ago
Chinese Stainless steel scrap prices gain on 9th June, 2015 - Shanghai Metals Market (SMM)