Trend||SS304 slumps by almost US$150/MT. Last week, both of the stainless steel futures and spots were sold with a bearish market. Until the closing on Friday (6th, Aug), Contrast 2109 dropped by US$153/MT. Also in
TREND||SS304 increases by more than US$156/MT in a week. Last week, the prices of stainless steel kept increasing, Stainless steel futures contract 2109 once rose to US$3,295/MT and closed at US$3,265/MT o
Export tariff is giving an alarm call. Last week, news about the tariff on stainless steel export will be imposed on 1st August. It is said that the tax on hot-rolled steel will increase to 20% which i
INVENTORY|| Stainless steel inventory reduces by 10,000 tons a week. Based on the inventory data, last week, the inventory volume of the sample warehouses in Wuxi market was reduced by 10,500 tons, decreased to 429,100 to
INVENTORY|| Will the price of SS304 keep increasing with more resources arrived? According to the database, last week, in the Wuxi market, the inventory volume decreased to 439.6 thousand tons which are 2,100
