China’s stainless steel market is crazy today

On July 19th, Foshan market news, the final closing price rose 570 US dollars to 14,945 US dollars / ton. Achieved continuous 12-day rising! What a crazy stainless steel market!

This morning, LME Nickel continued to attack after the opening, and the highest has been drawn to 15080 at the time of publication.

Just now, the long-awaited Tsingshan 304 price has finally been offered:

304 hot-rolled narrow-band 14,800 yuan / ton tax included, hot-rolled large plate 15,000 yuan / ton. The report is pending. The above price is up nearly 10% from the July 8 price. (304 hot-rolled narrow belt 13300 yuan / ton, 304 large board 13500 yuan / ton, but the order is not approved)

Not long after, Tsingshan Hongwang 201 cold rolling also started the offer:

Today, Qingshan Hongwang August 201j1 four-foot cold rolling sales guide price 8150 yuan / ton, 201j2 four feet cold rolling sales guide price 7850 yuan / ton, the number of reports to be approved! Compared with the last offer, the price rose by 100 yuan / ton!

In addition, 316L also has new prices reported:

Today, the price of 316L hot rolled slab is 21,300 yuan / ton. The report is pending.

Then, Fujian Yongjin Metal 304 price also grand start: July 19 sales guide price 15400! Compared with the previous price, the price rose by 1,500 yuan / ton.

Until the publication, Tsingshan agent has fully reported the above price, but only 201 agents in the 201 hot rolling reported an increase of 100.

“304 is crazy, What about my duplex stainless steel pipes! I will not quote.” Some customers directly announced the suspension.