Industry Daily News
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Weekly Review – China Stainless Steel Market (Mar 11-17, 2024): weak prices, worrying demand
Stainless steel prices were weak last week, and the performance of downstream demand was unsatisfactory. Steel mills production costs continue to squeeze profits, still maintain a high row of production, warehouse receipt resources continue to replenish the market has brought greater pressure. S...Read more -
China Stainless Steel Market Review, Week 10, 2024 (Mar 4 – Mar 10)
Stainless Steel Prices Under Pressure As Demand Fails To Follow Through Stainless steel prices last week weak shock, and downstream demand is poor. The profit of steel mills contracted but maintained high discharges, which formed great pressure on stainless steel prices. Spot market Last week, s...Read more -
Foshan stainless steel market review for week 9 of 2024 (Feb 26 – Mar 03):
Social inventory increased again, the steel mills plate prices rose sharply after the market mentality differentiated. Last week, stainless steel futures prices probe up and down, the market turnover at the beginning of the week is better, and then with the futures price surge high blocked mood ...Read more -
China Stainless Steel Market Review for Week 8 of 2024 (Feb 19 – Feb 25)
Steady Price Increases with Focus on Mill Maintenance Last week, the Chinese stainless steel market demonstrated a trend of steady price increases, with an active futures market leading to adjustments in spot prices. As the Spring Festival holiday approached, downstream demand gradually weakened...Read more -
CNY Resumption: China’s Stainless Steel Market Embraces a New Chapter
As the Chinese New Year holiday comes to an end, our company officially resumes work today, stepping into the new journey of 2024. On this day of resumption, the Chinese stainless steel market also opens a new chapter, with the futures market shining brightly and the spot market bursting with vi...Read more -
China Stainless Steel Market Update, January 29, 2024 Stability Before the Spring Festival
Market Dynamics: Stainless steel futures experienced a significant drop in the morning, followed by fluctuations, but the spot market remained relatively stable. As the Spring Festival holiday approaches, market transactions have almost come to a halt. Raw Material Trends: Nickel iron prices saw ...Read more -
China Stainless Steel Market Brief, January 25, 2024: Steady Market with Subtle Changes
1. Futures vs. Spot Price: Slight drop in stainless steel futures, while the spot market remains relatively stable. The market is cautious, with minor fluctuations in the price gap. 2. Market Dynamics: Foshan Market: 304 cold-rolled spot prices remain high, with some traders offering slight dis...Read more -
China Stainless Steel Market Brief, January 24, 2024 Despite Slow Sales, Prices Still Rising
Market Overview: The price of 304 stainless steel remains strong. Despite average overall transactions, market prices continue to rise. Raw Material Prices: Key materials like ferronickel and ferrochrome maintain stable prices, while electrolytic nickel experiences a slight increase. Economic Ex...Read more -
Weekly Review – China Stainless Steel Market (Jan 15-21, 2024)
Prices Generally Rise, Focus on Steel Plant Maintenance Price Trends: This week, prices for various types of stainless steel generally increased. Despite market fluctuations, significant price reductions before the Chinese New Year are unlikely. Supply and Demand Dynamics: As the Chinese New Yea...Read more -
Chinese Stainless Steel Market Daily Report – January 18, 2024
Shakes in the Morning, Turns Positive in the Afternoon – Chinese Stainless Steel Market Daily Report – January 18, 2024, I. Futures-Spot Price Spread Stainless steel futures contract 2403: Increased, with a negative spread between futures and spot prices. II. Market Dynamics Foshan M...Read more
