China’s domestic stainless steel prices held steady for a fifth week amid thin trading ahead of the Chinese New Year.

Fastmarkets MB’s domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,113-2,203) per tonne including value-added tax for the week ended Wednesday January 30, unchanged from a week earlier. Most trading houses and end users had stopped trading by Wednesday, which resulted in no price movement, market sources said.