[SMM Analysis] the price of stainless steel in Shanghai nickel cap plate has been rising all day.

SMM, Sept. 2 / PRNewswire-Asianet /-

Today, the price of stainless steel has generally risen. The daily guide price of Wuxi Taiyuan Iron and Steel Co., Ltd. was raised by 800yuan / ton, 3042B trimmed coil price quoted 16150 yuan / ton, 304hot rolled coil price quoted 15750 yuan / ton; 316L cold hot rolled coil price increased 1200 yuan / ton, 316L cold rolled coil price 23900 yuan / ton, 316L hot rolled coil price 23100 yuan / ton. The price of 316L cold rolled coil is 1200 yuan / ton, 316L cold rolled coil price is 23900 yuan / ton, 316L hot rolled coil price is 23100 yuan / ton.

Wuxi stainless steel market price rose 400,550 yuan / ton, 3042B rough edge coil price was 15400,15600 yuan / ton, up 450 yuan / ton from Friday; 3042B trimmed coil price was 15700,15900 yuan / ton, up 400 yuan / ton from Friday; 304/NO.1 volume price was 14800,14900 yuan / ton, up 550yuan / ton from Friday.

The price of 304-2B rough edge rolls in Foshan increased by 450 yuan / ton from Friday to 15100-15300 yuan / ton, and the price of 304-2B edge-cutting rolls increased by 250 yuan / ton to 15700-15900 yuan / ton. The price of 304-2B edge rolls increased by 450 yuan / ton to 15100-15300 yuan / ton and 250 yuan / ton to 15700-15900 yuan / ton. The price of 304/NO.1 volume rose 200 yuan per ton from Friday to 14500 to 14700 yuan per ton.

Shanghai nickel rose by the daily limit, rising nearly 4 per cent as of 17. 00. Nickel futures prices rose rapidly, stainless steel prices rose positively. Some traders hold a bullish attitude towards the price of stainless steel in the later period and close the transaction cautiously when shipping. According to research and understanding, today's downstream demanders actively inquire, the transaction situation has improved to a certain extent compared with last Friday. However, there are also traders who are slightly less willing to ship today, thinking that the later stainless steel may continue the upward trend and cherish the performance of the existing inventory.

Today, the price of waste stainless steel is generally up, 304 waste stainless steel prices are up 300 400 yuan / ton, 304 first class precision casting materials to 10450 10700 yuan / ton, 304 light and thin materials 9900 to 10100 yuan / ton. 201 waste materials increased by 50 yuan per ton to 4400 to 4800 yuan per ton, and 316L waste prices rose 300 yuan per ton to 15200 to 15500 yuan per ton.

Some scrap traders said that the current procurement situation of the scrap market is relatively stable, the price of waste stainless steel is mainly due to the rise in the price of stainless steel finished products, and it is expected that the trend of scrap prices will have a strong performance in the later period.

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