304 Stainless Steel Billet Price Quotations Show Fluctuations; Scrap Prices Increase by 50 Yuan/Ton
Jul 03, 2024
Date: July 1st, Foshan Market
Yesterday, Nickel fell by $70 to $17,190 per ton, with positions at 203,229 hands, and transactions at 4,132 hands, with inventory at 95,034 tons. As of 15:01 today, Nickel turned red, fluctuating around $17,331 per ton.
The stainless steel spot market quotations are stable today, with merchants willing to sell goods tending to adjust prices flexibly. In the morning, the Tsing Shan agent quoted prices evenly. The market traders quoted Guangxi origin resources with a price difference of within 50 yuan/ton, with 304 narrow bands quoted at 12,830-12,880 yuan/ton inclusive of tax, with procurement demand probing for low-level inquiries. By the afternoon, some were waiting for transactions at 12,850 yuan/ton.
Today, the Tsing Shan agent reported resources for July: Dingxin 304 cold-rolled narrow strip at 13,200 yuan/ton, hot-rolled narrow strip at 13,300 yuan/ton; 30478 cold-rolled narrow strip at 12,700 yuan/ton. 304 hot-rolled large plate at 13,330 yuan/ton, 30478 hot-rolled large plate at 12,800 yuan/ton.
Today, the Tsing Shan agent reported: Dingxin J2 at 7,900 yuan/ton; J3 at 8,200 yuan/ton; J1 at 8,600 yuan/ton; J4 at 9,200 yuan/ton. Some specifications of tube-making materials are quoted at 7,800 yuan/ton in the spot market.
Compared to last Friday morning, today's market saw some price stability and some increases of 30-50 yuan/ton for 201, and some stability and increases of 50 yuan/ton for 304. The current mainstream quotation range is: 201 new material at 5,650-5,750 yuan/ton; 304 new material at 10,200-10,300 yuan/ton, with some at around 10,350 yuan/ton.
*The information provided is for reference only and does not constitute investment advice.
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