【ferro-alloys.com】

  The import price of stainless steel in East Asia has declined with the decline of international nickel price in the past week. Recently, Indonesia hot roll quotation is 2180-2210$/T, Indonesia cold volume price is 2270-2290$/T, and China cold volume quotation is $2280-2300$/T. Chinese and Korean Buyers make up a small amount of the inventory.

  According to the tracking of professional institutions, the East Asian import price of 304 cold rolled stainless steel in the second week of March was 2270-2300$/T, down 70-90$ per week; the import price of 304 hot rolled stainless steel in East Asia was 2180-2210$/T, down 40-50$ a week.

  In terms of China's exports, 304 stainless steel cold roll fell 60-130$ in the past week, FOB 2250-2270$/T; 304 stainless steel hot roll fell 40-50$ and FOB 2270-2290$/T. When FOB 2250-2270$/T is quoted for weekly cold volume, the manufacturer is unwilling to give discount; although the buyer has no reduction in the willingness to order, the quantity is not much.

  As for hot volume prices, the price fell 40-50 $, FOB 2270-2290$/T, but it was still high for buyers, and sources said buyers now preferred to buy Indonesian goods.

• [Editor:Catherine Ren]