Afternoon reversal, 304 stainless steel prices began to rebound in the range of 100-200!

October 21th

The morning of 304 price is still dark fall, there are businesses in order to shipments, down 200 yuan / ton operation, but with the LME nickel strong, breaking the 12000, prices rose by a down turn, rise up  100-200 Yuan/ton.

The price hike is accompanied by a marked improvement in turnover. The Wuxi market, the state-run rose 50-100 Yuan/ton, private steel mills rose significantly, 100-200 Yuan/ton. JISCO/TISCO price is 16100 Yuan/ton, Yongjin/Hongwang/Chengde price is 15800-15900 Yuan/ton, stainless steel hot rolled price from 14700 Yuan/ton to 14900 Yuan/ton.

Foshan market price rise up 100 Yuan/ton, transaction busy. In the morning, a lot of private future goods price fall down 200 Yuan/ton, but in the afternoon, price rise up 200 Yuan/ton, at present, the market spot price is 15800-15900 Yuan/ton.

Keyword: 304 stainless steel, 304 Stainless steel sheet, 304 Stainless Steel coil, 304 Stainless Steel tube, 304 Stainless Steel price, stainless steel market, stainless steel cold rolled sheet price.