scrap stainless steel dynamics: continue to rise!

September 6, 2022 Foshan market news, yesterday’s London nickel closed up $885 to $21,600/ton, the main Shanghai nickel contract closed up 6,790 yuan to 172,250 yuan/ton in the evening, and the stainless steel futures 2210 contract closed up 410 yuan to 16,125 yuan/ton. Ton.

Compared with yesterday morning, the quotations of 201SS in the market this morning were partially flat, and some rose by 50 yuan/ton; the quotations of 304SS increased by 50-100 yuan/ton. The current mainstream quotation range: 201SS new materials are at 6050-6200 yuan / ton; In 12000-12200 yuan / ton.

Affected by the main contracts of London Nickel and Shanghai Nickel both closing sharply at the end of the day, the market price hike atmosphere was relatively strong in the morning, and merchants’ quotations were often raised by 50-100 yuan / ton. However, due to frequent market fluctuations, Most of the merchants said after the quotation that “the market fluctuates too fast, the quotation is for reference only, and the latest real-time price shall prevail for shipment”, but there are still many purchases at low levels in the market. The low price is 11,800 yuan/ton.

Going to noon, the enthusiasm of downstream inquiry is still high, but after the inquiry, the shipping attitudes are different, some of them choose to wait and see, some of them have a small price increase, and the market has a strong atmosphere of receiving goods, but the specific The transaction price is mostly determined by the real-time price.

The above comments are only personal opinions and are for reference only

scrap stainless steel price

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Post time: Sep-27-2022