SUS304 stainless steel prices

This week the domestic 304 stainless steel market prices as a whole, the overall northern market is stronger than the South. This week Beijing and Tianjin and the surrounding construction steel prices pull up a larger margin, demand amplification.

According to Lange 304 stainless steel net statistics, the four trading days this week, Beijing daily average daily sales of 10 large houses 17,400 tons, an increase of 0.42 million tons last week, an increase of more, creating the biggest week after the holiday this year Shipments. This week, central and eastern, northwestern and northeastern regions also saw larger price increases, but prices in eastern and southern China were weaker.

This is directly related to the weak rebar futures prices, East China, South China prices are more affected by the futures. This week, rebar futures finished sharply higher after last Friday, and the resistance on the stock continued to rise due to the greater resistance on the upper reaches of the spot due to the higher spot prices and strong hedging in the market.

Friday rebar 1610 contract closed at 2196 yuan, up 3 yuan more than last Friday, this week the trend has not moved up or down the characteristics.

Cost, the billet prices in Tangshan this week steadily higher, Friday closed at 2080 yuan, up 70 yuan last Friday, there is no spot price of rebar crazy.