Home> News> 304/316L Stainless steel down, spot market to go forward the pace of more "heavy".
March 16, 2023

304/316L Stainless steel down, spot market to go forward the pace of more "heavy".

Lun nickel rose, including Lun nickel opened at $23000 / ton, the deadline of the highest to $23000 / ton, Stainless Steel futures 2304 main fell 100 yuan/ton, the highest to near 15945.


201 cold rolling weak and stable, the mainstream base price of United Resources reported near 9300 yuan/ton, Shandong zinc plastic Moment Steel reported 9350 yuan/ton, hot rolling mainstream base price Baosteel Desheng reported 9300 yuan/ton.


304 is stable, including the mainstream price in the market at 16750 yuan/ton, Zhangpu price at 17150 yuan/ton, TiSCO reported near 16850 yuan/ton. The price of private resources fell, among which Yongjin resources near 16,000 yuan/ton, Shandong zinc plastic moment steel resources reported 15800 yuan/ton near the base price.


Hot rolling market fell, including East special 15950 yuan/ton, Chengde (North Bay new materials) spot resources 15850 yuan/ton, Delong resources 15850 yuan/ton near.


Stainless steel futures fell, the spot market rally stopped, the transaction price fell again, the preferential price did not survive, merchants continue to ship mainly, originally thought there would be a wave of gains to ease the pressure on high inventory, but this morning's trading decline, really department is difficult to ease the news in.


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