[SMM November 18 stainless steel spot] stainless steel prices in Foshan area fall again downstream to pick up the goods just in need

SMM11, 18 March:

Wuxi stainless steel: this morning Wuxi area quotation: state-owned 304 2B edge cutting volume price is 15400-15600 yuan / ton, private 304 2B rough edge roll price 14900-15100 yuan / ton. 304 / NO. 1 five feet at 14000-14100 yuan / ton. Private cold and hot rolling in the morning are mainly to lower prices, of which hot rolling prices fell 200 yuan / ton compared with last Friday to 14000 yuan / ton, and even individual merchants let 50 yuan / ton shipment, the current agents and traders are still mainly to clear the inventory. For 10:30 SHFE SS2002 contract selling price 14220 yuan / ton, Wuxi stainless steel spot water 850-1050 yuan / ton. (spot edge cutting = rough edge + 170 yuan / ton).

Foshan stainless steel spot: in the morning Foshan stainless steel market state-owned 304 2B trimming roll price reduced by 100 yuan / ton from last Friday's average price of 15600 yuan / ton; private 3042B rough edge roll price reduced by 50 yuan / ton from last Friday's average price of 15000 yuan / ton; today's 304 / NO. 1 five-foot roll price reduced by 50 yuan / ton from last Friday's average price of 14550 yuan / ton. In the morning, the average price of cold and hot rolling in Foshan market fell again on the basis of last Friday's low price. Many traders said that the transaction situation was OK after the price reduction, but the downstream just needed the goods, and the price changes had to wait and see the actual demand performance of the market. For 10:30 SHFE SS2002 contract selling price 14220 yuan / ton, Foshan stainless steel spot 850-1050 liters / ton. (spot trimming = rough edges + 170 yuan / ton)

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