Stainless Steel Billet Quotation Stabilizes; Scrap Material Prices Remain Flat with Negotiable Transactions

Previous Highlights:

• 304 Billet tries high prices? Scrap price difference maintained at around 100 yuan/ton.
• 304 futures are lively, spot chase, 201 feels a bit lonely, today's plate and coil market rises by 50-100.

[51 Stainless Steel] Foshan Market News on July 3: Yesterday, nickel fell by 375 USD to 17075 USD/ton, with a position of 203229 hands, a transaction of 6320 hands, and inventory of 95502 tons. Today at 15:59, nickel is slightly strong, running around 17236 USD/ton.

Today, the stainless steel spot market quotation is mainly stable, with some traders willing to take flexible orders, holding resources that can be negotiated by 20-30 yuan/ton. In the morning, Qingshan's agency quoted the same price, and traders showed a stalemate in buying and selling. Mainly, the Guangxi 304 narrow belt resources were limited at a tax-inclusive price of 12850 yuan/ton, some were unwilling to ship at prices lower than this, while merchants who reported high prices were still waiting for the market psychology, causing some merchants to operate flexibly, especially with a cash settlement that can see the non-tax preferential price at 11930 yuan/ton, after a small amount of orders, the price returned to the mainstream. The 201 price is mostly stable, with the price of cheap resources only about 20 yuan/ton different from the mainstream price. Looking at the scrap material again, the market quotation for 304 scrap material is mostly flat, with some individual rises and falls of 50 yuan/ton, and the actual transaction in the market is mostly negotiated on a per-goods basis.

304 Billet for Tube Making

Daily Review:

Today, Qingshan's agency reported resources for July: Dingxin 304 cold-rolled narrow belt 13200 yuan/ton, hot-rolled narrow belt 13300 yuan/ton; 30478 cold-rolled narrow belt 12700 yuan/ton. 304 hot-rolled large plate 13330 yuan/ton, 30478 hot-rolled large plate 12800 yuan/ton.

From the quotations, the overall market resource price is stable, with some high and low price differences of about 50 yuan/ton. It can be seen that Xinfeng, Jinhai are priced at 12850-12900 yuan/ton tax-inclusive. In the buying and selling process, some merchants with a high willingness to ship have appropriate discounts, such as a non-tax price of 11930 yuan/ton, mainly to attract inquiries, followed by the operation of canceling the discount. By the afternoon, the tax-inclusive quotation for Guangxi narrow belt was maintained at 12850-12880 yuan/ton. In terms of large plates, the market Guangqing, Beigang New Materials, Delong quoted tax-inclusive 13300-13400 yuan/ton, there were few price fluctuations, mainly for spot sales, and Delong's specifications include 2.8/3.0.

201 Billet for Tube Making

Daily Review:

Today, Qingshan's agency reported: Dingxin J2-7900 yuan/ton; J3-8200 yuan/ton; J1-8600 yuan/ton; J4-9200 yuan/ton. Other market origins quoted: Xinfeng J3, Jinhai J3, Zhongjin J5, Huale J3A tax-inclusive 7780-7820 yuan/ton, non-tax 7260-7300 yuan/ton. Beigang New Materials J5, Baosteel D4, Yongda J3E four and five feet tax-inclusive 7800-7900 yuan/ton.

From the quotations, Qingshan maintains a stable quotation, and the market traders' quotations have a limited range of rise and fall. The mainstream quotation for Guangxi narrow belt is maintained at 7800 yuan/ton tax-inclusive. Some merchants buy and sell in cash settlement, Zhongjin material non-tax preferential price at 7250 yuan/ton, indicating the same price for the current and future, while Huale material is as low as the spot non-tax 7240 yuan/ton. In terms of large plates, some traders tentatively increase by 50 yuan/ton to follow the high, such as Beigang New Materials J5 material from 7800 yuan/ton tax-inclusive to 7850 yuan/ton, but the actual order transaction did not enter the high price, so it is still waiting for the transaction at 7800 yuan/ton.

Scrap Stainless Steel

Daily Review:

Compared with this morning yesterday, today's market 201 quotation is mainly flat; 304 quotation is mostly flat, with some individual rises and falls of 50 yuan/ton, and the current mainstream quotation range: 201 new material is 5650-5750 yuan/ton; 304 new material is 10200-10300 yuan/ton.

Today, although the main contracts of nickel and Shanghai nickel both closed with a decline yesterday, the market did not show a decline in prices. 304 merchants mostly maintained a stable price to receive goods, and only a few updated quotations with individual rises and falls of 50 yuan/ton. The high and low price difference in the market did not further expand and remained around 100 yuan/ton, but the enthusiasm of downstream inquiries decreased compared to yesterday.

Towards the afternoon, with the stainless steel futures running red, some 304 merchants have raised the price by 50 yuan/ton to receive goods, but most have indicated that the cash payment needs to be 50 yuan/ton less or the payment needs to be made within 10 days, and the actual market transaction is mostly negotiated on a per-goods basis.

Americ Energy (CHINA) Co., Ltd. Introduction: Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information: - Website: www.metal-ae.com - Email: ae@americenergy.com - Phone: 13521210668 - WhatsApp: 13521210668 - Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China