China’s largest stainless steelmaker, Shanxi Taigang Stainless Steel, will retain its domestic list prices for 304 and 430 stainless products over the next two weeks, making this the fourth straight week of keeping prices unchanged. The company has also raised export prices for its stainless products by an average of around $50/tonne, company sources say.     不锈钢板  不銹鋼板 stainless steel sheet

   Taigang’s prices for grade 304 3-12mm hot rolled coil and 2B 2mm cold rolled coil will hence remain at RMB 21,620/t ($3,166/t) and RMB 23,120/t ($3,386/t) respectively, while its prices for 430 CRC 2B will stay at RMB 12,620/t ($1,848/t), according to a 9 February statement from Taigang seen by Steel Business Briefing. All prices are for the 9-22 February period and include 17% VAT.    不銹鋼捲  不锈钢卷 stainless steel coil

   Market watchers note that trading in the Chinese spot market has been quiet since the start of February as businesses wind down ahead of the Chinese New Year holidays starting this weekend. Users are trying to avoid holding large amount of inventory over the period. Spot offer prices in south China’s Foshan market have remained stable since the start of February.    不銹鋼蝕刻花紋板  不锈钢蚀刻花纹板 stainless steel checker plate

   The export price change is for orders made in February for March delivery, Taigang officials tell SBB. They declined to provide export list prices, noting they varied for different regions and customers. 

   Taigang’s export price rise is not unexpected given that producers from other East Asian nations have either raised or intend to raise export prices, traders say. Offer prices for 304 stainless CR sheets for delivery in one-to-two months from these countries were heard at $2,800-2,900/t cfr China last week.


Source : SBB