Asian Steel Group Taiwan's leading stainless steel mills to announce new prices for Oct next week
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Update time : 2021-09-24 17:44:38
The three-month futures price of nickel on the London Metal Exchange (LME) decreased by US$1,200/ton last week and then climbed to the US$19,200/ton level this week.
Asian Steel Group Taiwan's leading stainless steel mills are going to announce their new prices for October next week.
Due to the tight supply and production cut in China, the stainless steel price remained high in China now. However, Taiwan's domestic demand is not strong and the delay of shipments affected the export performance.
Downstream industry inventory depletion was slow and suffer from the capital lying idle. It was expected that the upstream stainless steel mills will try their best to stabilize the price for October and wait for the peak demand in the near future.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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