[SMM spot Information] Daily Review of stainless Steel in Wuxi area on May 06, 2020

[may 06 Wuxi stainless Steel Daily Review] SMM 06 May: this morning, most traders in Wuxi area reported flat cold rolling prices, with individual traders slightly rising 50-100 yuan / ton, 304 2B rough edge coil price range 12900-13300 yuan / ton, the average price slightly higher than before the festival by 50 yuan / ton; 304/NO.1 quoted 12600-12900 yuan / ton.

At noon, Yongjin quoted a new price, 304 cold rolling four feet and five feet price increased by 200 yuan / ton, 304ft quoted 13100 yuan / ton, 304ft quoted 13200 yuan / ton. Subsequently, the quotation of traders followed the rise, and the market quotation was generally raised by 100 yuan / ton. 304Hot rolled narrow strip price increased by 200yuan / ton to 12600 yuan / ton, hot rolled plate increased by 100yuan / ton to 12800 yuan / ton, the market quotation has been raised one after another. An increase of about 100 yuan per ton. According to the report of the traders before noon, the current inquiry is good and the transaction is not expected to be very bad. Today, the stainless steel contract showed an upward trend, the main contract SS2007 once again broke through the 13000 yuan / ton barrier, the 10:30 SHFE SS2007 contract price of 13035 yuan / ton, Wuxi stainless steel spot water rose 35-435 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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