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47.38 USD USD USD
7.04 CNY CNY CNY
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0.13 CNY CNY/EUR CNY/EUR
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380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

China's stainless steel prices fell sharply on weak demand

China's stainless steel prices fell in both the domestic and export markets due to weak demand and declines in nickel futures.

China's stainless steel prices fell sharply on weak demand

The quarterly nickel contract on the London Metal Exchange announced on July 30 at $19,885 per tonne (4.9%) at $983 per tonne (4.9%) to $18,902 per tonne after the official trade on Wednesday, and over the past few days China's domestic stainless steel futures have been announced. Demand for transactions decreased.

The top-traded September stainless steel contract on the Shanghai Futures Exchange closed Wednesday's trading session at 18,220 yuan ($2,810), down 1,775 yuan from 19,995 yuan on July 30.

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