China's domestic stainless steel prices continue to rise amid recovery in demand

摘要

Domestic stainless steel prices in China increased slightly over the past week amid an uptick in demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,000 yuan ($2,185-2,230) per tonne including value-added tax for the week ended Wednesday February 20, narrowing upward by 100 yuan per tonne from 14,600-15,000 per tonne fob a week earlier.End users in China gradually returned to the market this past week following the break for Chinese New Year (February 4-10), resulting in an uptick in buying activity, market sources told Fastmarkets MB.