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[SMM October 24 stainless steel spot] Foshan cold and hot rolling quotation is mainly stable, the transaction is not prosperous expected to fluctuate up and down in the later stage or stable.
Oct 24,2019 11:59CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 24th:

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 15800-15900 yuan / ton. 304 / NO. 1 five feet at 14950-15050 yuan / ton. Morning market quotation is generally flat, light trading. For 10:30 SHFE SS2002 contract selling price 15405 yuan / ton, Wuxi stainless steel spot water 265-365 yuan / ton, water narrowing (spot edge cutting = rough edge + 170 yuan / ton)

Foshan stainless steel spot: in the morning Foshan stainless steel market state 3042B edge cutting volume price is flat compared with yesterday's market price at 15950 yuan / ton; private 3042B rough edge roll price increased by 50 to 15550 yuan / ton from yesterday's average price; today's 304 / NO. 1 five-foot roll price is stable at 15100 yuan / ton compared with yesterday's average price. This morning, Foshan cold and hot rolling market quotation is more stable than yesterday's average price, although the current steel price has increased slightly with the nickel price rise, but the market demand has not actually increased, the transaction is not prosperous, it is expected that the later steel price may be stable in a small fluctuation. For 10:30 SHFE ss2002 contract selling price 15045 yuan / ton, Foshan stainless steel spot water 275-475 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

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