[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 21, 2020

SMM4, 21 March:

SMM, 21 April: today, 304 private cold rolling in Wuxi is quoted as 13100-13300 yuan / ton, with an increase of 100 yuan / ton in average price, and 12800-13000 yuan / ton in hot rolling area, with an average price increase of 150 yuan / ton. Prices continue to weaken, today quoted 7100-7300 yuan / ton, there are individual low prices can be quoted to 7000 yuan / ton shipment.

Traders said that transactions in the past two days than before a slightly weaker trend, but at present some 304 stainless steel spot resources are on the low side, prices continue to be strong. According to research and understanding, Hongwang cold rolling part of the thickness resources are out of stock, the market Delong supply is more, but also still raising the price. At present, the spot circulation of some specifications is still limited, and the price of stainless steel is expected to remain strong.

For 10:30 SHFE SS2006 contract price 13155 yuan / ton, Wuxi stainless steel spot water 115-315 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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