Make sure you are on track with market dynamics every week.
Stainless steel prices are on a rollercoaster! They surged last week, fueled by good economic news and rising nickel costs. But hold on, some experts are worried this rally might r...
Last Friday, a bomb ignited the stock market. Beijing finally responded to the gloomy real estate industry with a series of historically boosting policies. Stocks rose instantly an...
Duty on Chinese goods, do you think that is good to you? Contradictions in both economic and political environments are intensifying when the election is getting closer. Global tra...
2024-05
Will Xi's trip to Europe call back the investment faith in China? After Labor Day, five peaceful rest days, the stainless steel market in China could not wait to get back. On May 6th, the first trading day after the holiday, stainless steel futures quickly rose after the morning opening, reaching a high of US$2145/MT. From a global spectrum, based on the giants, stainless steel prices have kept climbing. There might not be a spike in stainless steel prices globally, but do you think the pric
2024-04
Elon's trip to China seems to gain a lot. Will Tesla's super factory in Shanghai bring some confidence to foreign investment in China? As Beijing is getting comparatively engaged in abroad businesses, perhaps it is a sign of a call-back of a manufacturing boom. Last week, prices of stainless steel 200 series and 300 series remained to rise before the May Day holiday. The most traded contract hit the highest point since 2024, reaching US$2160/MT. Spot inventory declined as the demand and
How does it feel witnessing the rare strong increase in stainless steel prices? From the ore end, LME nickel still processes a great effect on the stainless steel price trend. Rumor has it that China is going to buy the raw material in large quantities and store it for the state. This led to speculation that nickel could become scarce overall. LME Nickel Hits 7-Month High, pushing up the stainless steel futures and spots prices to grow. Besides, from the p
According to the World Stainless Steel Association (ISSF), global stainless steel production increased by 4.6% to 58.444 million tons in 2023. However, unlike China, all other major regions experienced varying degrees of decline in production. China's stainless steel production, on the other hand, defied the global trend and grew by 10.4% to 37.48 million tons in 2023. In other words, global stainless steel production rose in 2023 due to China's significant growth. However, production in
Yellen spoke about overcapacity in China's green energy industries and long before her speech, Beijing had noticed the oversupply problem in the steel industry. On April 3rd, Beijing announced that the regulation on steel production will continue in 2024. This news led to an increase in stainless steel prices after the Qingming holiday, on April 7. The spot price of stainless steel 304 was partially raised by US$42/MT. In 2021 and 2022, Beijing ordered the steel sector not to increase
China's manufacturing PMI in March difficultly bounced back above 50% after consecutive 5 months under the threshold. Last week, from March 25th to 29th, the Chinese stainless steel market was sluggish and the weekly average prices of all major grades of 300 and 200 series declined. 400 series maintained stably as usual. The main contract price hit a low of US$1965/MT during last Friday night trading, breaking the previous low. With insufficient confidence from end-users and only essen
