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Nickel spot price up third week in a row, chinese traders back - 430 Stainless Steel Coil Manufactu by e55he swrzsnb
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Nickel spot price up third week in a row, chinese traders back - 430 Stainless Steel Coil Manufactu by E55HE SWRZSNB
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Article Posted: 03/18/2013 |
Article Views: 85 |
Articles Written: 2033 - MORE ARTICLES FROM THIS AUTHOR |
Word Count: 399 |
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Nickel spot price up third week in a row, chinese traders back - 430 Stainless Steel Coil Manufactu |
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Business,Business News,Business Opportunities
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Chinese metal traders returned to their computer bays and tradingfloors on Monday after a week-long holiday kept stainless marketsgenerally quiet. However, while Chinese nickel prices had a flat week, the biggestmover on MetalMiner"s weekly stainless steel price index wasthe spot price of nickel, which saw a 2.7 percent increase on theLME to $18,640 per metric ton. This week marked the third in a rowof rising prices for the metal. Finishing the fourth week of risingprices, the 3-month price of nickel increased by 2.1 percent on theLME, finishing at $18,600 per metric ton. In global nickel news, according to a report cited bye-stainlesssteel.com, the Malaysian Iron and Steel IndustryFederation predicted that the total production of cold rolled (CR)stainless steel in Malaysia, Thailand, Indonesia and Vietnam (thefour countries in the Association of Southeast Asian Nations) isexpected to reach 1.235 million tons in 2015, surging sharply from400,000 tons in 2010. Also, according to e-stainlesssteel.com, South Korean steel giantPosco announced to raise its list prices for austenitic hot rolledand cold rolled coils by 200,000 won per ton for October contracts,in response to sharply rising nickel prices. How did other nickel, stainless steel and raw material input pricesfare for the week on the MetalMiner IndX(SM)? The cash price of primary Indian nickel fell 1.8 percent afterrising 0.6 percent the week before. The price of Chinese ferro-chrome did not change since the previousweek, and Chinese ferro-molybdenum remained unchanged for the week. Chinese stainless steel prices were flat for the week. 304stainless steel scrap, 316 stainless steel scrap, 304 stainlesscoil and 316 stainless coil all held pat last week as Chinese metaltraders took time off for a national holiday. Following a steady week, prices for Korean 430 stainless steel coilclosed flat, and the week also finished with no movement for Korean304 stainless coil. Note: The Stainless MMI® collects and weights 14 global stainlesssteel and raw material price points to provide a unique view intostainless steel price trends. I am a professional editor from 430 Stainless Steel Coil Manufacturer,and my work is to promote a free online trade platform. Our website contains a great deal of information about 430 Stainless Steel Coil Manufacturer. Welcome to visit! We are high quality suppliers, our products such as 430 Stainless Steel Coil Manufacturer , Cold Rolled Coils Manufacturer for oversee buyer. To know more, please visits Cold Rolled Coils.
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