The import price of stainless steel in East Asian rose sharply, and the buyer's interest was lacking. Therefore, it is not attractive for traders in Southeast Asia.
Lately, the price of Indonesian cold coil is about CIF 2040-2050 United States dollars/ heap, while that of China is CIF 2020-2040 United States dollars/ heap. The customer has actually not provided. Market participants have actually assessed the rate acceptable to the supplier at CIF 2020-2050 USD/ T. Additionally, Indonesia and China use about US $1920-1930 per heap.
According to the examination of expert organizations, the East Asian import price of 304 stainless steel chilly coil increased by 90-100 United States dollars per lot CIF 2020-2050 United States bucks/ load in the previous week; the import price of 304 stainless steel hot coil in East Asia was CIF 1920-1930 US dollars/ load, with an once a week rise of 100 United States bucks.
In regards to China's export, as a result of the strong worldwide nickel market, the domestic sales prices increased sharply, and also the export price rose accordingly, but it was tough for abroad buyers to approve. In the previous week, 304 stainless steel cold coil raised by 120 US bucks to fob 2000-2020 US bucks/ ton; 304 stainless steel hot coil raised by 70 United States bucks to fob 1900-1920 US bucks/ ton.
Some exporters withdrew their offers as well as focused on handling old orders. According to the source, the nickel price and stainless steel domestic sales price are on the high side recently, so the exporters reveal a strong price perspective. Furthermore, the quantity of container transportation is still limited. The products from China to South America is as high as 300-350 US dollars/ heap. As a result, exporters have to try their best to gain the containers at affordable prices before the end of this month.
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