China's stainless steel prices flat amid downstream weakness

June 12, 2020 / www.metalbulletin.com / Article Link

China's domestic stainless steel sellers raised their offers on nickel gains over the week ended Wednesday June 10 but failed to conclude any deals.

The three-month nickel contract on the London Metal Exchange ended Wednesday's official trading session at $12,952 per tonne, up by $67 per tonne from a week earlier.
Domestic
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 13,300-13,800 yuan ($1,884-1,955) per tonne, unchanged week on week

Some traders issued offers at 13,500-13,900 yuan per tonne in the past week, but buyers only agreed to place orders at the same prices as the previous week, sources...

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