[SMM October 29 stainless Steel spot] there is a weak trend in the recent increase in the volume of 300 series steel in Foshan area.

SMM10, 29th:

Wuxi stainless steel: this morning Wuxi area quotation: state-owned 304 2B edge cutting volume price is 16000-16200 yuan / ton, private 304 2B rough edge roll price 15700-15900 yuan / ton. 304 / NO. 1 five feet at 14900-15000 yuan / ton. By the repeated price of nickel, the morning stainless steel quotation to flat plate shipment, the market atmosphere is light. For 10:30 SHFE SS2002 contract selling price 15030 yuan / ton, Wuxi stainless steel spot water 540-740 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

Foshan stainless steel: in the morning Foshan stainless steel market state 3042B trimming roll price is flat at 15950 yuan / ton compared with yesterday; private 3042B rough edge roll price is stable at 15650 yuan / ton compared with yesterday's average price; today's 304 / NO. 1 5ft roll price is lower than yesterday's average price at 15000 yuan / ton; in addition, the price of 201 cold rolled rough edge roll on the market today fell slightly by 50 to 7950 yuan / ton. This morning 201 cold rolling quotation slightly loose, because the market to the warehouse is not obvious, most of the flexible shipment. In addition, some traders said that due to the recent increase in the volume of 300 series steel, there is a weak trend in transactions, and most of them are on the sidelines in the later stage. For 10:30 SHFE ss2002 contract selling price 15030 yuan / ton, Foshan stainless steel spot water 390-590 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

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