SMM10, 17 March:
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 is flat at 15750 yuan / ton today; today's 304 / NO. 1 five-foot roll price is stable at 15200 yuan / ton compared with yesterday's average price; 430 cold rolling and trimming coil price is flat at 8150 yuan / ton today. In the morning, the market quotation of cold and hot rolling in Foshan area has a steady and weak trend, mainly due to the relatively flat transaction in the market recently, and the downward trend of Lunni, which may have a certain market impact on the steel price in the later stage. For 10:30 SHFE ss2002 contract selling price 15350 yuan / ton, Foshan stainless steel spot water 320-400 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)
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. In the morning, Wuxi market quotation is mainly flat, businesses have a strong willingness to offer, but nickel prices fall, expected future prices are weak and stable, the actual transaction is still waiting for the market to verify. For 10:30 SHFE SS2002 contract selling price 15350 yuan / ton, Wuxi stainless steel spot water 520-620 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)
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![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
