It is reported that Chinese spot stainless steel prices have remained stable in these days despite of slumped nickel prices at LME.

It is known that the spot prices of 304 series stainless steel are at CNY 23,200 to CNY 23,300 per tonne currently in Chinese domestic market.

Industry sources still see the positive outlook for the stainless steel market as they believe that buyers will pile up currently to share the inventory costs equally.

(Sourced from www.yieh.com)