Chinese 304 grade stainless CRC prices flat
2024-04-03 08:24:57 [Print]
BEIJING (Asian Metal) 3 Apr 24 - Chinese 304 grade stainless CRC suppliers maintain their prices stable this week on weak demand and high prices of steel mills. The present mainstream prices of stainless CRC 304/2B 2.0mm*1,219mm*C from ZPSS stand at RMB14,050-14,100/t (USD1,942-1,949/t) D/P in warehouse Wuxi and RMB14,100-14,150/t (USD1,949-1,956/t) D/P in warehouse Hangzhou respectively, the same as those of last Friday. Insiders predict that Chinese 304 grade stainless CRC prices would keep stable in the coming week.
A distributor of 304 grade stainless CRC in Wuxi told the price of stainless CRC 304/2B 2.0mm*1,219mm*C from ZPSS hovers at RMB14,100/t (USD1,949/t) D/P in warehouse Wuxi without any concessions at present, unchanged from last Friday. "We keep the price flat this week after the decrease of RMB100/t (USD14/t) last week," revealed the trader, adding that many customers just take cautious attitudes at the moment due to the continuous price decrease in March. He sold about 10t on Tuesday at RMB14,100/t (USD1,949/t) and last sold about 10t last Friday at the same price. The trader has no plan to adjust the price and expects Chinese 304 grade stainless CRC prices to maintain stable in the coming week because of customers' slow buying activities and high prices of steel mills.
With the regular sales volume of about 3,000tpm, the trader sold around 3,000t last month and anticipates a stable sales amount in April. Having an inventory of about 1,000t in hand now, similar to that of last month, they sold around 35,000t in 2023 and about 7,500t in Q1 of 2024.
A Hangzhou-based 304 grade stainless CRC trader with a regular sales volume of about 2,000t quotes RMB14,100/t (USD1,949/t) D/P in warehouse Hangzhou with no concessions for stainless CRC 304/2B 2.0mm*1,219mm*C from ZPSS now, the same as that of last Friday. "We also maintain the price stable this week on soft demand and high prices of steel mills," said the trader. According to him, the demand from downstream industries remains unsatisfactory and they refuse to build large stockpiles at present for insufficient orders. He sold about 10t early this week at RMB14,100/t (USD1,949/t) and last sold about 10t last Friday at the same price. The trader intends to keep the price unchanged and predicts that Chinese 304 grade stainless CRC prices would remain stable in the coming week.
With a sales volume of about 2,000t in March, which may keep stable this month, the trader sold about 23,000t in 2023 and around 5,500t in the first quarter of 2024. They have an inventory of about 500t in hand now, down from around 1,000t last month.
A distributor of 304 grade stainless CRC in Wuxi told the price of stainless CRC 304/2B 2.0mm*1,219mm*C from ZPSS hovers at RMB14,100/t (USD1,949/t) D/P in warehouse Wuxi without any concessions at present, unchanged from last Friday. "We keep the price flat this week after the decrease of RMB100/t (USD14/t) last week," revealed the trader, adding that many customers just take cautious attitudes at the moment due to the continuous price decrease in March. He sold about 10t on Tuesday at RMB14,100/t (USD1,949/t) and last sold about 10t last Friday at the same price. The trader has no plan to adjust the price and expects Chinese 304 grade stainless CRC prices to maintain stable in the coming week because of customers' slow buying activities and high prices of steel mills.
With the regular sales volume of about 3,000tpm, the trader sold around 3,000t last month and anticipates a stable sales amount in April. Having an inventory of about 1,000t in hand now, similar to that of last month, they sold around 35,000t in 2023 and about 7,500t in Q1 of 2024.
A Hangzhou-based 304 grade stainless CRC trader with a regular sales volume of about 2,000t quotes RMB14,100/t (USD1,949/t) D/P in warehouse Hangzhou with no concessions for stainless CRC 304/2B 2.0mm*1,219mm*C from ZPSS now, the same as that of last Friday. "We also maintain the price stable this week on soft demand and high prices of steel mills," said the trader. According to him, the demand from downstream industries remains unsatisfactory and they refuse to build large stockpiles at present for insufficient orders. He sold about 10t early this week at RMB14,100/t (USD1,949/t) and last sold about 10t last Friday at the same price. The trader intends to keep the price unchanged and predicts that Chinese 304 grade stainless CRC prices would remain stable in the coming week.
With a sales volume of about 2,000t in March, which may keep stable this month, the trader sold about 23,000t in 2023 and around 5,500t in the first quarter of 2024. They have an inventory of about 500t in hand now, down from around 1,000t last month.
