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29 November 2019
Surcharges on grade 304 flat products are set to drop by around 7% while those on grade 316 material will slip by some 10%. Continued falls in nickel prices are likely to see these surcharges fall again in January, albeit to a smaller degree.
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29 November 2019
The average premium for imported CRC over Chinese CRC has exceeded $150 per tonne over the past couple of years though the premium has been narrowing rapidly into the late November low of just $8 per tonne.
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29 November 2019
In the key spot market of China, prices of both chrome ore and ferrochrome have slipped notably in recent weeks as persistent concerns about demand weakness have clearly more than offset some of the tightening factors seen on the supply side of the market.
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29 November 2019
Downloadable Excel files with prices and other stainless steel statistics for the month of November 2019
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29 November 2019
A look back at our previous forecasts.
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29 November 2019
While well down on the 122,000-tonne deficit accumulated over the same 9-month period of 2018, this year’s shortfall still represents a significant imbalance and is certainly price-supportive, especially considering how low visible stocks have become.
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29 November 2019
Producers continue to struggle against declining margins in Asia as well, where slowing demand growth in China above all has seen producers there look to ship excess material to other markets where possible.
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29 November 2019
Since last month, the most dramatic changes of relevance to the stainless steel market have come, as they often do, from the nickel industry.
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29 November 2019
As part of our ongoing commitment to deliver relevant and robust prices, Fastmarkets MB research has undertaken a review of the pricing coverage of the Stainless Steels Market Tracker and is discontinuing some price series.
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29 November 2019
European scrap merchants had been increasingly reluctant to offer material at such a large discount to the equivalent primary raw materials and, while the discount has narrowed somewhat in recent weeks (from 46% to 42%)
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29 November 2019
We believe that as far as nickel, it is likely that the decline is largely a correction after prices ran up more than they should have on the back of a combination of news of the Indonesian ore ban, which was expected to go into effect at the end of October.