Weak Ni Stainless Cold Sheet Price in Tokyo

Stainless cold rolled flat steel market price decreased to 460,000-470,000 yen per tonne by 10,000-20,000 yen for SUS304 base size around Tokyo when the dealers’ shipping is low due to slow demand. Dealer source said the market price the market price is expected to decrease to 450,000 yen per tonne for SUS304 and to 300,000 yen per tonne for SUS430. Major dealer source the firm’s profit is continuing to be the red from April due to weak demand, and the firm sells the products for SUS340 at 420,000-430,000 yen per tonne. Japanese stainless flat steel processors’ inventory decreased to 60,898 tonnes by 1.1% for SUS340 in July from June, by 11.0% from a year earlier, according to industrial association. Japanese stainless flat steel processors’ sales decreased to 29665 tonnes by 1.4% in July form June while increased by 10.4% from a year earlier. The inventory rate decreased to 2.05 months for the shipment for nickel series products at end of July. Dealers’ inventory adjustment is progressing. Major makers stopped award order from dealers in August, which are enhancing the adjustment of the supply and demand.