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[SMM October 16 stainless Steel spot] Nickel Price falls downstream risk aversion aggravates stainless Steel transaction in Wuxi area is slightly lighter
Oct 16,2019 12:01CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 16 March:

Wuxi stainless steel: this morning Wuxi area quotation: state-owned 304 2B cutting edge volume price is 16100-16300 yuan / ton, private 304 2B rough edge roll price 16000-16100 yuan / ton. 304 / NO. 1 five feet at 15300-15400 yuan / ton. Today, the market transaction price is flat, some traders slightly reduced the cold rolling price 50 yuan / ton, because the nickel price falls, the downstream risk aversion mood aggravates, the transaction is slightly light. For 10:30 SHFE SS2002 contract selling price 15505 yuan / ton, Wuxi stainless steel spot water 365-465 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

Foshan stainless steel spot: in the morning Foshan stainless steel market state-run 3042B trimming roll price is stable at 16200 yuan / ton compared with yesterday's market price; private 3042B rough edge roll price today is flat at 15750 yuan / ton; today 304 / NO. 1 five-foot roll price is up 50 times yesterday's average price at 15200 yuan / ton; 430 cold rolling and trimming coil price is flat at 8150 yuan / ton today. Foshan hot rolling in the morning has a small price increase of 50 yuan / ton, cold rolling average price is flat, the current downstream 300 series hot rolling goods atmosphere preference, demand for better steel prices will also rise. For 10:30 SHFE ss2002 contract selling price 15505 yuan / ton, Foshan stainless steel spot water 165-265 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

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