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Monthly Average Price|| Stainless Steel Market Summary in China of June

Monthly average price ||
Market Summary Of June


- 304/2B:
The average price of 2.0*1219*C (slit edge) of ZPSS in the Wuxi market is US$2,029/MT which is US$5.97/MT lower than last month and the fall percentage is 0.28%. In addition, the average price of 2.0*1219*C(slit edge) in Foshan market is US$2,068/MT which is US$5.97/MT lower than last month and the fall percentage is 0.27%.

- 304/2B:
This month, the average price of 2.0*1240*C(mill edge) of Hongwang in the Wuxi market is US$1,960/MT which is US$8.79/MT lower than last month and the fall percentage is 0.42%. What’s more, the average price of 2.0*1240*C(slit edge) in Foshan market is US$1,963/MT which is US$9.55/MT lower than last month and the fall percentage is 0.46%.

- 304/No.1:
The average price of 4.0*1520*C of ESS in the Wuxi market is US$1,872/MT(plus taxes) which is US$11.57/MT lower than last month and the fall percentage is 0.59%. Furthermore, the average price of 4.0*1520*C in Foshan market is US$1,909/MT which is US$10.39/MT lower than last month and the fall percentage is 0.51%.

- 316L/2B:
This month, the average price of 2.0*1219*C of TISCO in the Wuxi market is US$2,849/MT(plus taxes) which is US$3.54/MT lower than last month and the fall percentage is 0.12%. Moreover, the average price of 2.0*1219*C(slit edge) of TISCO in the Foshan market is US$2,886/MT(plus taxes) which is US$12.16/MT lower than last month and the fall percentage is 0.39%

- 316L/No.1:
This month, the average price of 4.0*1500*C(mill edge) of ESS in the Wuxi market is US$2,706/MT(plus taxes) which is US$28.68/MT lower than last month and the fall percentage is 0.98%. What’s more, the average price of 4.0*1500*C(mill edge) in Foshan market is US$2,731/MT(plus taxes) which is US24.55/MT lower than last month and the fall percentage is 0.83%.

- LH/2B:
This month, the average price of 1.0*1219*C(mill edge) of Wuxi market is US$1,221/MT(plus taxes) which is US$22.47/MT lower than last month and the fall percentage is 1.79%. In addition, the tax-inclusive average price of Foshan market is US$1,193/MT(mill edge) which is US47.18/MT higher than last month and the rise percentage is3.77%.

- 430/2B:
The average price of 2.0*1219*C(slit edge) of TISCO in the Wuxi market is US$1,162, which is US$21.82/MT lower than last month and the fall percentage is 1.83%. The average price of 2.0*1219*C(slit edge) in Foshan market is US$1,164/MT(plus taxes) which is US$23.35/MT lower than last month and the fall percentage is 1.96%.


Hotspots ||
Why is inventory falling in the off-season?


In late June 2019, the inventory of stainless steel in Wuxi area was 267,000 tons, has decrease 14,800 tons in the comparison of the first half of June, with a decrease of 5.24%.



Statistics on stainless steel inventory trends in Wuxi Area (Unit: ton)
Among them, cold-rolled stocks decreased by 4.53% and hot-rolled stocks decreased by 6.22% from the previous period.

The main factors of the inventory decline:

- 01:
At the end of the month, some merchants took the initiative to clean up the inventory. And nickel market went sharply higher, which drove the domestic stainless steel price to increase. This factor stimulated some downstream purchases. In addition, some merchants had quite a lot of the stress of capital at the end of the month so that they promote to sell the goods, resulting in the stock inventory being consumed.

- 02:
The pre-inventory of the steel mills fell. Because at the end of the month, the agents have to complete pick up monthly mission quantity from their mills. That is to say, the short-term delivery of goods increased significantly, which led to a sharp drop in the pre-inventory of the steel mills.

At present, although stainless steel is in the off-season, the market performance was better than expectation at the end of June, which stimulated demand to a certain extent, resulting in digesting stocks. However, the current industry believes that the stainless steel rise is difficult to sustain, and late inventory digestion will slow down. The pressure of short-term inventory still exists.


Market ||
Nickel price rises for 4 days,
no excuse for 201 won’t increase price?


Nickel has been rising for four days. It made 304 has risen again. Do you think 201 has any excuse not to raise prices?? That's impossible! no significant movement but small rise is still there.

Angang Lisco has risen US$7.35

In today's Wuxi market, the mainstream base price of 201 four-feet cold rolled continued to keep the same at US$1,195/ton. Angang Lisco agent LH base price offered at US$1,182/ton with US$7.35/ton up. Some second-level traders choose to increase by US$14.71/ton, the price is US$1,209/ton, while the prices of other places of origin are still as calm as yesterday.

In today's Foshan market, 201 is also relatively calm, there is no sign of upswing. Angang Lisco offered $1,163/ton, Hong Wang offered US$1,176/ton, Chengde offered US$1,176/ton

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