Chinese 304 grade stainless CRC prices stable
2024-04-24 08:20:34 [Print]
BEIJING (Asian Metal) 24 Apr 24 - Chinese 304 grade stainless CRC suppliers maintain their prices stable this week due to customers' slow purchasing activities and high prices of steel mills. The current mainstream prices of stainless CRC 304/2B 2.0mm*1,219mm*C from TTSS stand at RMB14,600-14,650/t (USD2,015-2,022/t) D/P in warehouse Wuxi, and those of the materials from ZPSS hover at RMB14,650-14,700/t (USD2,022-2,029/t) D/P in warehouse Hangzhou, both similar to those of last Friday. Insiders expect Chinese 304 grade stainless CRC prices to remain stable in the coming week.
A distributor of 304 grade stainless CRC in Wuxi tells the price of stainless CRC 304/2B 2.0mm*1,219mm*C from TTSS remains at RMB14,600/t (USD2,015/t) D/P in warehouse Wuxi with no concessions for the time being, the same as that of last Friday. "We keep the price unchanged this week after the total increase of RMB300/t (USD41/t) last week," reveals the trader, adding that the price increase last week is mainly because of the increase in steel mills' EXW prices and the sharp price rise in futures market, while the demand from downstream industries remains unsatisfactory at the moment. He sold about 10t on Tuesday at RMB14,600/t (USD2,015/t) and last sold about 10t last Friday at the same price. The trader has no intention to adjust the price and predicts that Chinese 304 grade stainless CRC prices would keep stable in the coming week on weak demand and high prices of steel mills.
Based on the regular sales volume of about 3,000tpm, the trader sold around 3,000t in March and foresees a similar sales amount this month. Having a stockpile of about 1,000t in hand now, in line with last month, they sold about 35,000t in 2023 and around 8,000t in Q1 of 2024.
A Hangzhou-based 304 grade stainless CRC trader with a regular sales volume of about 2,000t quotes RMB14,700/t (USD2,029/t) D/P in warehouse Hangzhou without any concessions for stainless CRC 304/2B 2.0mm*1,219mm*C from ZPSS at present, unchanged from last Friday. "We maintain the price stable this week because of customers' slow buying activities and high prices of steel mills," says the trader, who complains that many customers still purchase from hand to mouth at present and refuse to replenish stockpiles although the May Day holiday is around the corner. He sold about 10t early this week at RMB14,700/t (USD2,029/t) and last sold about 10t last Friday at the same price. The trader plans to keep the price unchanged and expects Chinese 304 grade stainless CRC prices to maintain stable in the coming week on soft demand and high prices of steel mills.
With a sales volume of about 2,000t last month, which may remain stable in April, the trader sold about 23,000t last year and around 5,500t in Q1 of 2024. They have a stockpile of about 500t in hand for the time being, similar to that early this month.
A distributor of 304 grade stainless CRC in Wuxi tells the price of stainless CRC 304/2B 2.0mm*1,219mm*C from TTSS remains at RMB14,600/t (USD2,015/t) D/P in warehouse Wuxi with no concessions for the time being, the same as that of last Friday. "We keep the price unchanged this week after the total increase of RMB300/t (USD41/t) last week," reveals the trader, adding that the price increase last week is mainly because of the increase in steel mills' EXW prices and the sharp price rise in futures market, while the demand from downstream industries remains unsatisfactory at the moment. He sold about 10t on Tuesday at RMB14,600/t (USD2,015/t) and last sold about 10t last Friday at the same price. The trader has no intention to adjust the price and predicts that Chinese 304 grade stainless CRC prices would keep stable in the coming week on weak demand and high prices of steel mills.
Based on the regular sales volume of about 3,000tpm, the trader sold around 3,000t in March and foresees a similar sales amount this month. Having a stockpile of about 1,000t in hand now, in line with last month, they sold about 35,000t in 2023 and around 8,000t in Q1 of 2024.
A Hangzhou-based 304 grade stainless CRC trader with a regular sales volume of about 2,000t quotes RMB14,700/t (USD2,029/t) D/P in warehouse Hangzhou without any concessions for stainless CRC 304/2B 2.0mm*1,219mm*C from ZPSS at present, unchanged from last Friday. "We maintain the price stable this week because of customers' slow buying activities and high prices of steel mills," says the trader, who complains that many customers still purchase from hand to mouth at present and refuse to replenish stockpiles although the May Day holiday is around the corner. He sold about 10t early this week at RMB14,700/t (USD2,029/t) and last sold about 10t last Friday at the same price. The trader plans to keep the price unchanged and expects Chinese 304 grade stainless CRC prices to maintain stable in the coming week on soft demand and high prices of steel mills.
With a sales volume of about 2,000t last month, which may remain stable in April, the trader sold about 23,000t last year and around 5,500t in Q1 of 2024. They have a stockpile of about 500t in hand for the time being, similar to that early this month.
