[Ferro-Alloys.com]Since mid of May, the stainless steel price had maintained standard as 304/2B in Chinese Wuxi market was at RMB15200-15600/mt. while as the stainless steel had entered into the consumption off-season, the LME nickel price had no rebound trend, many consumers kept the wait and see attitude for the market with rare inquires.

 

On June, 19^th, Tisco had continued to cut down the Benchmark Price of some stainless steel products in July. Specifically, both the product 304/2B and 304/NO.1 decreased RMB700 to RMB 16100/mt and RMB15900/mt; the 430/2B kept stable at RMB10500/mt, all compared with the price of June. According to the statistics, the stainless steel stock in Chinese Wuxi areas in early of June increased by 2.95% to 192986tons. The stainless steel price still had risk to go down as the traders bore great pressure for own the high stock.

 

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