No request for delivery this week.

by fsccpterd on 2012-02-25 17:56:14

The raw material steel price remained stable in the early session today, with prices in Shandong region as follows: Weigang at 4200 yuan/ton, Luli at 4180 yuan/ton; Linyi: Luli at 4200-4230 yuan/ton, Jiangxin at 4160-4180 yuan/ton, basically unchanged from last week. In Jiangsu region: Huai at 4450-4470 yuan/ton, Zhongtian/Xuelang at 4410 yuan/ton, Changqiang at 4380 yuan/ton, Tiansteel at 4380 yuan/ton, consistent with last week's prices for 304 stainless steel plates. According to market feedback, there was a slight increase in prices in the Linyi area of Shandong province, with cold-drawn steel now mainly reported at 5050 yuan/ton and mainstream prices at 4800 yuan/ton, with discounts of 50 yuan/ton for large orders. The main reason for the price increase is the rise in pipe billet prices. It is reported that after the New Year, seamless pipe factories started large-scale production, causing a tight supply of billets. Although there has been some increase in Shandong's seamless pipes, the local market situation is not optimistic. According to traders, after the 15th day of the lunar calendar, although inquiries from downstream customers began to increase for 309S stainless steel plates, actual transactions were still few. Downstream terminals such as construction sites did not place orders this week, with some starting next week. It is expected that traders' shipments will start to increase next week, with current prices still weakly stable. Latest rebar prices, 316 stainless steel coil plates.