[Steel] stainless steel market prices continued to decline

London nickel prices down, a dealer spot price change is not pre-shipment mentality. have lower export prices, making the spot market prices of nickel ore fall. May 30, the spot price of the Yangtze 417,000 yuan / ton over May 21 fell by 16,000 yuan / ton.
Meanwhile, the tepid market transactions also allow dealers to be more cautious attitude, one after another markdown. "Although increases in the steel mill in May of the ex-factory price, However, the domestic market price in May has not been how changes. "Foshan, a dealer said. "The main thing is not good market transactions, rising prices have not gone up over the transaction." But dealers are reflected throughout. Even if prices drop, market transactions are also not taken a turn for the better.
Dealers generally are not optimistic about outlook. Although the last few days, Donald nickel prices rebound, but the outlook is still dealers generally are not optimistic about. Hangzhou, a dealer that, as 6, July stainless steel market is the low season sales, transaction bad situation to continue the great possibilities, the late market prices should also continue to drop.
Wuxi one dealer said, Wuxi stock market has been rising, while the poor coupled with the pressure on resources, late prices may continue to drop. May 26 Wuxi stock market for 140,700 tons, compared with April 19 increased 03,400 tons.
Relative to the market in Wuxi, Foshan Lanshi stainless steel market will pressure the resources of some small. A dealer said that the 5,6 TISCO in Foshan Lanshi sent to the market to reduce the amount of the agreement, The market resources late pressure is not too great. But the tepid market turnover makes you late for the market is still relatively cautious.
It is understood that the current domestic market price of stainless steel has steel in May with the ex-factory price of "Upside Down." B2.0mm plate to 3042 as an example, in May the ex-factory price of 45,900 yuan / ton, But the current domestic market price at 43,000 yuan / ton or less. the market price is lower than the ex-factory price of nearly 3,000 yuan / ton. According to dealers to reflect, in June ex-factory price of steel will continue to increase, but not because of market transactions, After the ex-factory price of steel increased ability to promote market of rising prices, dealers views still relatively cautious.