SMM10, 14 March:
Stainless steel in Wuxi area:
This morning Wuxi private cold rolled stainless steel quotation was flat last Friday, individual businesses slightly increased 50 yuan / ton: state-run 304 2B cut edge roll price of 16100-16300 yuan / ton, private 304 2B rough edge roll price 1605016150 yuan / ton. 304 / NO. 1 five feet at 15200-15300 yuan / ton. Based on the demand for replenishment downstream after the festival, some agents and traders in Wuxi reported that the transaction on Friday was better than that before the festival. Logistics capacity affected this week, stainless steel is expected to be supported by raw material costs and freight, stainless steel prices are on the strong shock. For 10:30 SHFE ss2002 contract selling price 15765 yuan / ton, Wuxi stainless steel spot water 155-255 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)
Foshan stainless steel spot morning review:
In the morning, Foshan stainless steel market state-owned 3042B trimming volume price is 16200 yuan / ton compared with last Friday's market price; private 3042B rough edge roll price is up 50% from last Friday to 15800 yuan / ton; today's 304 / NO. 1 5ft roll price is up 50% from last Friday's average price to 15250 yuan / ton; 430 cold rolling and trimming volume price is flat at 8150 yuan / ton today.
In the morning, the average price of cold and hot rolling in Foshan increased slightly by 50 yuan / ton compared with last Friday. In mid-October, the lower reaches of Foshan were more optimistic than before, the release of demand increased, and businesses were mainly flexible to ship goods. It is expected that steel prices may rise slightly with the market in the later period. For 10:30 SHFE ss2002 contract selling price 15765 yuan / ton, Foshan stainless steel spot discount 95 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)
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