Monthly Stainless Steel Market Report Dec 2018
2019-01-07 09:09:00 【Print】
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Chinese stainless steel prices kept the downward trend during this month due to lower raw material costs and weak demand from downstream customers
. However, the market sales performance continued to be unsatisfying as customers without urgent need for materials were expecting the price to drop further and refusing to place orders . Being pessimistic about the market outlook at the year end, traders were reluctant to build large stockpiles and the market inventory kept low . Insiders do not think the market would improve in the coming month with the arrival of the Spring Festival.