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[SMM stainless Steel spot] Wuxi Private stainless Steel is up 100 yuan / ton Foshan downstream inquiry gradually optimistic atmosphere
Oct 11,2019 13:18CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 11th May:

Wuxi stainless steel: this morning Wuxi private cold and hot rolled stainless steel quotation has increased by 100 yuan / ton, 304 2B rough edge coil price 1605016150 yuan / ton, 304 / NO. 1 five feet 15200-15300 yuan / ton. The state-run 304 2B trimming volume price is quoted at 16100-16300 yuan / ton, the same as yesterday's price. As a result of the collapse of National Highway 312 yesterday, today, traders generally said that it has a greater impact on stainless steel delivery and pick-up. At present, the road is being repaired, and transportation costs are expected to rise to a certain extent at a later stage. Today 10:30 SHFE ss2002 contract selling price 15730 yuan / ton, Wuxi stainless steel spot water 190-290 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton).

Foshan stainless steel: in the morning Foshan stainless steel market state 3042B trimming roll price slightly increased by 50 to 16200 yuan / ton compared with yesterday's market price; private 3042B rough edge roll price rose 50 to 15750 yuan / ton today; today 304 / NO. 1 five-foot roll price is stable at 15200 yuan / ton; 430 cold rolling and trimming coil price is flat at 8150 yuan / ton today. In the morning, Foshan cold rolling has a small increase of 50 yuan / ton, hot rolling prices are flat, the current downstream inquiry take goods atmosphere gradually optimistic, rigid demand is more, traders flexible delivery of goods, it is expected that the later demand for better steel prices will also rise. For 10:30 SHFE ss2002 contract selling price 15730 yuan / ton, Foshan stainless steel spot discount 60-liter water 40 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

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