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Dec Ni SUS Scrap Purchase Price in Kanto with JPY150,000 - 152,000
= Due to increased prices of nickel and stainless steel products =
As of December 4, many of the stainless steel mills in the Kanto area offer the purchase price (delivered at plant) of nickel-containing stainless steel scrap (SABOT) at JPY150,000 - JPY152,000 per ton.

The purchase starts with the price being up by JPY2,000 - JPY5,000 from early November, but as many of the stainless steel mills raised the actual purchase price to more than JPY150,000 in late November, there is such an impression in the industry as the purchase started with the same price as the end of last month.

Such reasons for a price hike are provided as (1) The LME nickel price spiked in the former half of November, and the monthly average price in November was up by 5.9% from the prior month, (2) The demand for stainless steel is firm and the demand for stainless steel scrap also goes up, (3) The store sales price of stainless steel products continues rising in November and December and (4) The price offered by pickup traders for export is at a high level.

Albeit the current LME nickel price shows a declining trend, the buying motivations of stainless steel mills and pickup traders are strong, and such a case has been sporadically seen as the premium of JPY2,000 - JPY3,000 is added to the purchase price in case the order is large.
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last modified : Mon 11 Dec, 2017 [09:55]
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