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[SMM October 15 stainless Steel spot] Wuxi Private Cold rolled stainless Steel quotation is generally flat and there is no significant change in downstream demand
Oct 15,2019 11:55CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 15 March:

Wuxi area stainless steel: this morning Wuxi private cold rolled stainless steel quotation is generally flat, hot rolling small increase of 50 yuan / ton: state 3042B cut edge roll price 16100-16300 yuan / ton, private 3042B rough edge roll price 1605016150 yuan / ton. 304 / NO. 1 five feet at 15200-15300 yuan / ton. Today's market prices are flat, some traders said that logistics costs rose 3-4 times, truck capacity was affected, steel mills delayed arrival, the actual downstream demand did not change significantly. For 10:30 SHFE SS2002 contract selling price 15520 yuan / ton, Wuxi stainless steel spot water 400-500 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton).

Foshan stainless steel spot: in the morning Foshan stainless steel market state 3042B trimming volume price quoted 16200 yuan / ton, the same as yesterday's average price; private 3042B rough edge roll price flat 15800 yuan / ton; today 304 / NO. 1 5 feet volume price overquoted at 15250 yuan / ton; 430 cold rolling and trimming volume price stabilized at 8150 yuan / ton today. In the morning, the average price of cold and hot rolling in Foshan area is stable and flat compared with yesterday, and the merchants actively ship in mid-October. The slow pace of the overall steel society to go to the warehouse will have some impact on the rise of steel prices in the later stage, and it is expected that the steel price in the later stage will change with the release of demand. For 10:30 SHFE ss2002 contract selling price 15520 yuan / ton, Foshan stainless steel spot water 150-250 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton).

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