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[SMM analysis] scrap prices rose with the rise in stainless steel, 304 scrap prices increased by 100 to 150 yuan / ton
Jun 21,2019 18:04CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

In the first two days of this week, the market price of waste stainless steel remained stable and did not adjust and fluctuate. Since Wednesday, the price of waste stainless steel has been raised. So far, the price of waste has been raised by 100 to 150 yuan per ton as a whole. Of these, 201 scrap prices remained stable at 3700 to 3900 yuan per ton, while 304 aggregate prices increased by 100 to 150 yuan per ton to 8900 to 9100 yuan per ton.

Some traders said that the price increase after the actual trading volume has not been greatly affected, traders are still normal shipment, steel mills on demand procurement, market transactions to maintain stable operation. 304 the rise in scrap prices, mainly due to the rise in nickel prices this week, so that steel mills for stainless steel finished products market prices have been slightly increased, and stainless steel finished products prices have played a certain role in promoting the price of 304 scrap.

Nickel prices rose for two days in a row, today's nickel prices are volatile downward, nickel prices are expected to promote the price of stainless steel products will slow down, so the rise in scrap prices will also slow. The waste market is expected to run smoothly in the short term.

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