Stainless steel prices slightly increase, buyers enter market cautiously
Views : 131
Update time : 2023-06-20 17:05:53
With the rise in prices of major production materials such as LME nickel and Chinese nickel pig iron, the stainless steel market in Taiwan saw a slight increase. Observing the market trend, traders noticed a slight increase in inquiries and the emergence of small buying interest.
LME nickel prices showed stronger upward momentum last week, rising from around US$21,000/ton to around US$23,275/ton last Friday, June 16. This represented an increase of approximately US$2,000/ton in one week, nearly a 10% rise, which has been a rare occurrence in the past few months.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
