Melamine Paper Cutting Machine
Stainless Steel Price Rose Slightly during Dec.5-Dec.9 Dec 15, 2022

Stainless steel is an important material for making melamine tableware compression molds. Shunhao Machine and Mold Factory will share with you the market price of stainless steel from December 5th to December 9th.

The price of stainless steel rose slightly this week. As of December 9, the daily average price of the spot 304/2B stainless steel flat plate 1.0*1219*2438 was 15607.14 yuan/ton (about 2242 US dollars/ton), up 0.88% from 15471.43 yuan/ton at the beginning of the week, and up 0.86% year-on-year.

stainless steel

This week's stainless steel inventory totaled 797,700 tons, an increase of 18.32% from last week. Among them, both cold-rolling warehouses and hot-rolling inventories rose.

Although the spot transactions are still biased in the off-season, due to the favorable domestic macro policies, the profits of steel mills have been restored, the stocking sentiment is relatively positive, and the merchants are more optimistic about the increase. In addition, nickel prices have risen sharply, and stainless steel prices are expected to remain strong.

steel price

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