[SMM October 21 stainless Steel spot] Foshan Cold and Hot Rolling Market quotation falls expected to be weak this week

SMM10, 21 March:

Foshan stainless steel spot: in the morning Foshan stainless steel market state-owned 3042B trimming volume price held steady at 16200 yuan / ton compared with last Friday's market price; private 3042B rough edge roll price today fell 100% to 15550 yuan / ton compared with last Friday; today 304 / NO. 1 5ft roll price decreased 50% from last Friday's average price to 15150 yuan / ton; 430 cold rolling and trimming volume price stabilized at 8150 yuan / ton today. On Monday morning, Foshan cold and hot rolling market quotes have different degrees of decline, some of them sold at low prices, the overall price is expected to be weak this week. For 10:30 SHFE ss2002 contract selling price 14890 yuan / ton, Foshan stainless steel spot water 380-580 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

Wuxi stainless steel: this morning Wuxi area quotation: state-owned 304 2B edge cutting volume price is 16050-16250 yuan / ton, private 304 2B rough edge roll price 15850-15950 yuan / ton. 304 / NO. 1 five feet at 15000-15100 yuan / ton. In the morning, the price of cold and hot rolling in Wuxi market was lower than that of last Friday, the price of cold and hot rolling fell 50 yuan / ton, the transaction was light, the downstream was more wait and see, and the short-term price was weak and stable. For 10:30 SHFE SS2002 contract selling price 14890 yuan / ton, Wuxi stainless steel spot water 780-930 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

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