Stainless Steel Round Bar Market Report: Wenzhou & Wuxi Prices Hold Steady with Selective Increases (April 23)
Overview of Stainless Steel Round Bar Prices in Wenzhou and Wuxi
On April 23, the stainless steel round bar market in Wenzhou and Wuxi exhibited stable pricing with selective increases, driven by raw material costs and supply-demand dynamics.
While Wenzhou saw a slight uptick in 316L prices due to tight supply, Wuxi remained flat with sluggish trading activity. Below is a detailed analysis of the latest market trends.
Wenzhou Stainless Steel Round Bar Market Analysis
Current Price Trends
304 Stainless Steel Round Bars (Qingshan Group): ¥12,500 – ¥12,800/ton
316L Stainless Steel Round Bars (Qingshan Group): ¥22,600 – ¥22,700/ton (↑ ¥200/ton)
304 Continuous Cast Billets (Zhejiang Youyi New Materials, φ160-260): ¥12,250/ton (unchanged)
Key Market Observations
316L Prices Rise Due to Tight Supply
The 316L grade saw a ¥200/ton increase, primarily due to limited availability and rising molybdenum iron (FeMo) prices.
Despite the upward price pressure, transaction volumes remained low, with only sporadic inquiries and minimal bulk orders.
304 Prices Remain Stable
304 stainless steel round bars held steady, with no significant fluctuations.
Demand was subdued, reflecting cautious buyer sentiment amid high costs.
Market Sentiment: Cautious but Firm
Suppliers maintain firm pricing due to rising production costs.
However, end-users resist high prices, leading to thin trading activity.
Wuxi Stainless Steel Round Bar Market Analysisar Market Analysis
Current Price Trends
2Cr13 Round Bars (Fushun Special Steel, Ф65-130): ¥9,000/ton (unchanged)
2Cr13 Round Bars (Great Wall Special Steel, Ф65-130): ¥9,600/ton (unchanged)
High-Alloy Grades:
S2750: ¥33,300/ton
904L: ¥62,000/ton
N08810 (Ф200-250): ¥69,500/ton
N06625: ¥195,000/ton
Key Market Observations
Flat Pricing Across All Grades
Unlike Wenzhou, Wuxi’s stainless steel round bar prices remained unchanged.
No significant demand fluctuations were observed, keeping the market stagnant.
Weak Trading Activity
Despite suppliers maintaining high offers, buyers showed reluctance, leading to minimal transactions.
The market was described as having “many quotes but few inquiries.”
Outlook: Stability Expected
Given the lack of demand momentum, prices are expected to remain stable in the short term.
High-cost inventories may continue to suppress trading volumes.
Comparative Analysis: Wenzhou vs. Wuxi Markets
| Factor | Price Movement | Demand | Key Influences | Market Sentiment |
| Wenzhou Market | 316L up¥200/ton, 304 stable | Low, sporadic inquiries | Molybdenum costs, tight 316L supply | Firm pricing, cautious buyers |
| Wuxi Market | All grades flat | Very weak, few transactions | High inventory costs, low demand | Stagnant, no major fluctuations |
Future Price Forecast for Stainless Steel Round Bars
Short-Term Outlook (Next 3-5 Days)
Wenzhou:
316L prices may stay elevated due to supply constraints.
304 prices likely to hold steady unless nickel prices shift significantly.
Wuxi:
Prices expected to remain flat unless demand picks up.
High-value alloys (904L, N06625) may see resistance due to cost sensitivity.
Long-Term Considerations
Raw material costs (Ni, Mo, Cr) will remain a key pricing driver.
Global stainless steel demand trends (especially in construction and manufacturing) will influence domestic prices.
Government policies (export/import duties, energy costs) could impact production expenses.
Conclusion: Market Stability with Selective Increases
The stainless steel round bar market on April 23 displayed regional variations:
Wenzhou saw a slight 316L price hike due to supply tightness.
Wuxi remained stagnant with weak trading.
Buyers are advised to monitor raw material trends, while sellers may hold prices firm unless demand improves. The overall market is expected to remain stable in the near term, with selective increases in high-nickel and molybdenum grades.
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Tabs: StainlessSteelPrices， SteelIndustry ，316L ，304 ，RoundBar ，CommodityTrends
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