News
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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 -
China’s Stainless Steel Market on January 17th Brief
Vibrant Market, Prices Rise Yesterday, the Chinese stainless steel market was abuzz, with steel mill prices going up and a vibrant market atmosphere. The main contract of Shanghai Nickel and the main contract of stainless steel futures at SHFE both saw an increase, breaching the 14,000 RMB/MT ma...Read more -
2023 Chinese Stainless Steel Exports Decrease by Nearly 10%: Can 2024 Reverse the Trend?
1. Overview: Trade Policies and Weakened Demand Result in a 9% Decline in China’s Stainless Steel Exports Throughout 2023, the global manufacturing PMI consistently remained below 50%, indicating a slower economic growth momentum compared to 2022. This led to a recovery with insufficient mo...Read more -
China’s Stainless Steel Market Update for January 15
Prices Stabilize, Market Inventory Rebounds At the beginning of this week, the Chinese stainless steel market’s main contracts opened with a decline, but overall market prices remained stable. In the Wuxi region, the prices of stainless steel spot goods held steady compared to last week, i...Read more -
Week 2 Review and Outlook of China’s Stainless Steel Market in 2024 (Jan 8-15)
This week, the Chinese stainless steel market saw a slight increase in spot prices, though not as pronounced as in the futures market. As the year-end approaches, downstream demand remains moderate, leading to a slight increase in social inventory. The market anticipates significant pressure fro...Read more -
Recent Fluctuations in China’s Stainless Steel Market
Price Rises May Rely on Futures Surge —— Jan 12 Yesterday, the Chinese stainless steel market experienced certain price fluctuations, the reasons for which remain unclear. The market generally reports difficulty in transactions following price increases, with steel mills maintaining stable order...Read more -
Breaking Today? Unexpected Surge in China’s Stainless Steel Market
China’s domestic stainless steel market, particularly the 304 grade, is anticipated to experience a surge in spot prices today in Jan 11. This unexpected rise is attributed to a significant uptick in both the nickel index and stainless steel index at the Shanghai Exchange, fueling market s...Read more -
Recent Analysis of China’s Stainless Steel Market
Production Increase of 200,000 Tons, Improved Supply Expectations Summary: Overall, with the recovery of production in some steel mills and an increase in market arrivals, prices are expected to maintain a volatile trend in the short term. The market focus will be on the pace of arrivals and cha...Read more -
China Foshan Stainless Steel Market Update
Jan 8: 304 Sees Minor Changes, 201 Fluctuates, Coil Markets Adjust Slightly On January 8, 2024, the Foshan market in China started the week with dynamics: Chinese A-share market was sluggish, with the Shanghai Composite Index falling below 2900 points. After brief fluctuations, stainless steel f...Read more -
Futures Fluctuate, Spot Market Stays Firm Amid Weak Demand – 2023 Week 1 China Stainless Steel Industry Summary and Outlook (Jan 1-7)
I. Stainless Steel Market Overview This Week: Futures prices showed a downward trend with volatility, while spot prices remained relatively firm. Downstream demand was weak, leading to a cautious market atmosphere. Traders and downstream players had expectations for pre-Spring Festival stockpili...Read more
