Firm Ni Series Cold Rolled Stainless Sheet Price in Tokyo

Nickel series cold rolled stainless steel sheet market price is increasing from 310,000-320,000 yen per tonne for SUS 304 around Tokyo. However, nickel price is decreasing and the price in Asia market is weak. The price is increasing slowly compared with September.

One middle-class trade firm source said, the shipment is slow, in particular, for sales among dealers. On the other hand, the shipment is about 80% of the peak since August when automotive and home electronics related industries recovered. The source forecasts the shipment would stay around 80% of the peak in a year.

Inventory of nickel series cold rolled stainless sheet increased by 9.5% in October from November while the shipment increased by 3.1%, according to the group of stainless steel coil center. The dealers increase the inventory slightly after the completion of adjustment. The demand remains low for construction. However, the shipment is 70-80% for other fields compared with the peak. The price would increase more.