China Market Insights

China Stainless Steel Price & Inventory Reports

Weekly price and inventory notes for buyers comparing stainless steel grades, market availability, and China sourcing timing.

Sep 11, 2026

Stainless Steel Prices, Inventory & Insights in China from August 24th to September 6th 2026

Stainless steel futures prices operated weakly last week. Early in the week, the most-traded stainless steel futures contract continued to probe the bottom, then rebounded slightly near the end of the week. Trading volume dropped compared with the previous week, while open interest increased. Market prices diverged at low levels, but overall performance remained cautious. The main stainless steel futures contract closed at US$2,085/MT, with a weekly drop of 1.18% and an intra-week low of US$2,062/MT.

Aug 20, 2026

Stainless Steel Prices, Inventory & Insights in China from August 10th to 14th 2026

From August 10 to August 14, the stainless steel market was generally downward. Early in the week, the East China coast was disrupted by rainstorms, restricting logistics shipments. Sluggish demand dragged down both futures and spot prices. On Thursday and Friday, the market weakened further: Tsingshan lowered the 300-series price limits by US$75/MT. The market went even gloomier. The sharp drop in stainless steel spot prices compressed steel mill profits. Stainless steel mills had to put pressure on the raw materials side, reducing costs from suppliers of ferronickel and ferrochromium.

Jul 16, 2026

Stainless Steel Prices, Inventory & Insights in China from July 6th to 10th 2026

London Metal Exchange (LME) nickel prices fluctuated and closed higher last week. Opening at $16,385/ton, reaching a high of $16,670/ton and a low of $16,205/ton, it closed at $16,585/ton, a week-on-week increase of 1.38%. Stainless steel prices fluctuated sharply last week, with generally spot transactions at lower prices. The main futures contract touched a low near US$2250/MT. As of Friday's night session close, the main stainless steel futures contract was reported at US$2310/MT. Overall, nickel prices fluctuated within a range last week under the influence of inventory and macroeconomic sentiment, recovering from low levels late in the week. On the supply side, ore prices fell, nickel price weakened, and capacity continues to expand. July is the last phase of applying for RKAB, which will determine the quotation and supply of nickel ore the market will gain in the rest of 2026. In the short term, the Fed’s moves and the RKAB changes will be the two largest factors for the nickel dynamics. Generally, it is predicted that nickel price lacks increasing momentum.

Jun 24, 2026

Stainless Steel Prices, Inventory & Insights in China from June 15th to 18th 2026

Stainless steel futures prices fluctuated within a wide range this week. From June 15 to 17, stainless steel futures prices fell first before rising, accompanied by a release of heavy trading volumes, but open interest decreased significantly on Friday. Amid the currently fast-changing news environment, the long-short tug-of-war has intensified, and uncertainty regarding the future market remains high, causing the market overall to trend toward caution. Prices still perform weakly, the downward trend has not stopped, and future market volatility will remain at a relatively high level. The main contract for stainless steel futures closed at US$2320/MT this week, with a weekly price increase of 0.51% and a weekly low of US$2260/MT.

Jun 4, 2026

Stainless Steel Prices, Inventory & Insights in China from May 25th to May 29th 2026

Last week (May 25th-29th), stainless steel spot prices in the Wuxi market were mixed. Prices for the 300 series were mostly under pressure; as previously allocated resources from steel mills arrived intensively at warehouses, spot inventory pressure increased. The 200 and 400 series operated stably with a strong bias, though transactions slowed down within the week after prices were adjusted upward. As of May 29, the price of the main stainless steel contract rose by US$18.6/MT from the previous week to US$2345/MT, an increase of 0.85%. Last week, cold-rolled and hot-rolled stainless steel 304 spot prices continued their downward trend, but the overall decline slowed down.