Stainless steel scrap weak performance

To intensify the pressure on the current economic downturn. Just released in December 2014 low official PMI index dropped to 18 months, 50.1% of the value is approaching from the line, while the HSBC PMI index value, it will drop to 49.6%, for seven months for the first time below from the line. Manufacturing activity in low refractive entity economic downward pressure is still not ease, under this background, the market expectations of easing, many economists expect, in the first quarter of this year the central bank is expected to cut interest rates again to fall.

5, according to the financial times reported that the Obama administration for the debate around us oil export bans. To cope with the effects of cheap oil, the United States will allow more light processing oil exports to overseas. Last week’s decision to keep the United States for 40 years the export ban on the political agenda, in some people concern about the environmental impact of shale oil production, U.S. producers with Saudi Arabia over growing tensions produced by a drop in oil prices.

1, the domestic mainstream quotation

Today’s domestic mainstream area of stainless steel scrap market price is flat, now the specific as follows:

【 304 】 the domestic stainless steel scrap 304 level in the mainstream of Ni material (8%) to 9100-9300 yuan/ton. 304 back to the furnace charge mainstream purchase price is 8600-8900 yuan/ton (excluding tax).

【 316 】 316 level in dainan of reference price of 12800-13100 yuan/tons.

201, 430, 430 】 was quoted at 3150-3350 yuan/ton. 316 l waste level material (Ni 10% or higher, Mo material 2%) for the price of 12400-12600 yuan/ton. Guangdong region of 201 waste old tube and deep drawing material price respectively is 3100-3300 yuan/ton and 4000-4200 yuan/ton.

2, foreign market movements

From the abroad market: the United States 304 burden 18-8 cif motionless, its price range in 1440 to $1460 a tonne, for an average of $1450 / ton.