[SMM spot Information] Daily Review of stainless Steel in Wuxi area on May 11, 2020

[may 11, Wuxi stainless Steel Daily Review] SMM: today's Wuxi stainless steel market quotation generally rose, 304 2B rough edge roll price range 13600-13900 yuan / ton, the average price increased by 400 yuan / ton compared with last Friday; 3042B large factory trimming volume price quoted 13700-14000 yuan / ton, the average price increased 350 yuan / ton; 304/NO.1 quoted 13300-13500 yuan / ton, the average price increased 350 yuan / ton.

According to traders, prices have generally risen on Saturday, but after the price rise, the inquiry decreased, downstream orders fell, and the transaction atmosphere was normal before noon today. Castle Peak Steel Plant this morning opened a new price of 200 series stainless steel, 201/J1 cold rolling quoted 7150 yuan / ton, 100 yuan / ton higher than the last price, but the price has not yet been paid. At present, some operators believe that 304 stainless steel prices are on the high side, downstream goods will be more cautious.

For 10:30 SHFE SS2007 contract price 13645 yuan / ton, Wuxi stainless steel spot water 125-425 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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