Japanese stainless steel scrap price flat
2015-12-17 09:01:16 [Print]
BEIJING (Asian Metal) 17 Dec 15 - The stainless steel scrap price keeps stable in Japan at the moment after a markdown of JPY5,000/t (USD41/t) at the beginning of the month, though most traders are not confident of the market outlook. The mainstream price of 304 solid scrap is around JPY120,000/t (USD984/t). Considering prices for raw materials keep decreasing, insiders foresee a price decline of stainless steel scrap in the coming week.
A trader in Tokyo offers JPY120,000/t (USD984/t) for 304 solid scrap, the same as last week.
The source complains that the business is hard to run under the slow market. He has not received any firm orders in recent one week. He estimates the sales volume will be 6,000-7,000t in December, while it was 10,000t at the beginning of the year. Meanwhile, the source states that it is hard to export now with the approach of the New Year and Lunar New Year, which means the domestic selling pressure is heightened. Therefore, he thinks the stainless steel scrap price will go down slightly in the short term if the market fails to warm up.
Another trader in Tokyo quotes JPY120,000/t (USD984/t) for 304 solid scrap, equaling to last week.
With a projected sales volume of 3,000t per month, the source discloses it will be less than 2,000t in December. Noted by him, most end users of stainless steel scrap either postpone purchasing plans or cut purchase quantities in view of the downward price trend of raw material. Statistics shows that the price of nickel at LME has decreased by 19.3% in recent two months and it is likely to go down further in following weeks with the absence of stimulant policies. As a consequence, the source shows no confidence in the stainless steel scrap market outlook and he is worried about a price decline in the near future.
A trader in Tokyo offers JPY120,000/t (USD984/t) for 304 solid scrap, the same as last week.
The source complains that the business is hard to run under the slow market. He has not received any firm orders in recent one week. He estimates the sales volume will be 6,000-7,000t in December, while it was 10,000t at the beginning of the year. Meanwhile, the source states that it is hard to export now with the approach of the New Year and Lunar New Year, which means the domestic selling pressure is heightened. Therefore, he thinks the stainless steel scrap price will go down slightly in the short term if the market fails to warm up.
Another trader in Tokyo quotes JPY120,000/t (USD984/t) for 304 solid scrap, equaling to last week.
With a projected sales volume of 3,000t per month, the source discloses it will be less than 2,000t in December. Noted by him, most end users of stainless steel scrap either postpone purchasing plans or cut purchase quantities in view of the downward price trend of raw material. Statistics shows that the price of nickel at LME has decreased by 19.3% in recent two months and it is likely to go down further in following weeks with the absence of stimulant policies. As a consequence, the source shows no confidence in the stainless steel scrap market outlook and he is worried about a price decline in the near future.
