Make sure you are on track with market dynamics every week.
Last week, stainless steel prices went weak. Non-ferrous metals declined in price in the global market, and meanwhile, China's bullish news has settled down, leading to the dro...
Stainless steel futures and spot prices declined last week, because of the macroeconomic concerns. Besides, during the previous time when the stainless steel price tended to rise, ...
China's Manufacturing PMI of May (49.5%) fell back to the contraction zone after two months above the threshold. The performance of export contributed a great part to the econo...
2024-04
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 run out of steam soon due to high prices and weak demand. Prices for the most popular 300 series stainless steel jumped, but stockpiles are growing fast. This is because factories are pumping out a lot of metal, and not enough people are buying it right now. The 200 series is in a similar boat, with prices staying flat
2024-05
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 and so as the stainless steel prices because people saw the chances once the government started to buy the wait-for-sale houses which are stagnating in the market. Stainless steel prices went up last Friday and the increasing tendency lasts till now (May 23), when the steel mills just now increased the opening price and
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 trading is not as free as it used to be. Stainless steel is also facing the same struggle. A very immediate effect is the sea freight surge. Last week, sea freight lost control. The Shanghai Shipping Exchange's Shanghai Export Container Comprehensive Freight Index was 2305.79 points, up 18.8% from the previous week. I
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
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
