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Home / Metal News / [SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 1, 2020

[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 1, 2020

Apr 1, 2020 11:37

Source:SMM

SMM4, January 1:

Today, Wuxi stainless steel quotation is generally stable, private 3042B rough edge volume price of 12200-12500 yuan / ton, 304 / NO. 1 five feet 1185012050 yuan / ton. The state-run 304 2B trimming volume is quoted at 13000-13400 yuan per ton.

Stainless steel prices fell sharply in March and are now in a lower position, with little volatility in the near future. Due to the impact of the epidemic, downstream demand has not yet improved significantly. Some traders said that the probability of April is similar to that of March, shipment is dominant, downstream is still on-demand procurement.

For 10:30 SHFE SS2006 contract price 12010 yuan / ton, Wuxi stainless steel spot water 360-660 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

[for more information, please subscribe to SMM Nickel Research Group products "China Nickel Chromium stainless Steel Industry chain General report" and "China Nickel Chrome stainless Steel Industry chain High end report" to obtain the latest nickel mine, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochromium, stainless steel (China + Indonesia) related data analysis and market analysis! For ordering and trial reading, please call 021-5166 6817 QQ: 2880505562, contact: Li Chuntian]

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The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 13, 2022

Sep 13, 2022 15:21

Analysis

Data: SHFE, DCE market movement (Sep 13)

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

On the macro front, since the US Fed Chairman Powell delivered a hawkish speech at the central bank meeting, other Fed officials conveyed their anti-inflation stance and determination.

Sep 13, 2022 13:02

SMM Insight

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

For alloy, nickel plate inventory dropped significantly last week maid improving order book, but the demand weakened again amid rising premiums. To sum up, pure nickel supply tightened to some extent recently, offering support to nickel prices in the near term.

Sep 6, 2022 10:36

SMM Insight

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

Data: SHFE, DCE market movement (Aug 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 18, 2022

Aug 18, 2022 15:18

Analysis

Data: SHFE, DCE market movement (Aug 18)

Data: SHFE, DCE market movement (Aug 9)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 9, 2022

Aug 9, 2022 15:19

Analysis

Copper Prices Continued to Rebound with the Support of Fundamentals

The US Fed raised the federal funds rate by 75 basis points to 2.25-2.5% in July.

Aug 8, 2022 15:20

SMM Insight

Copper Prices Continued to Rebound with the Support of Fundamentals

Data: SHFE, DCE market movement (Aug 8)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 8, 2022

Aug 8, 2022 15:19

Analysis

Iron Ore Prices End Its Losing Streak with the Mixture of Steel Mill Maintenance and Production Resumption

As such, SMM believes that iron ore prices will move rangebound in the near term with the slow recovery of daily pig iron production as well as the goal of stable development on the macro front.

Aug 4, 2022 10:13

SMM Comments

Iron Ore Prices End Its Losing Streak with the Mixture of Steel Mill Maintenance and Production Resumption

Data: SHFE, DCE market movement (Aug 2)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 2, 2022

Aug 2, 2022 15:22

Analysis

Stainless Steel Prices Remained Weak despite Narrow Rebound amid Oversupply of Ferrochrome and Indonesia NPI

As of July 29, the most-traded stainless steel contract fell to 15,280 yuan/mt overnight, a new low since May 21, 2021. The contract rallied in day trading, and once recorded a gain of 1.41%. The contract finally closed the day at 1.32%.

Jul 29, 2022 10:28

SMM Comments

Stainless Steel Prices Remained Weak despite Narrow Rebound amid Oversupply of Ferrochrome and Indonesia NPI

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[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 1, 2020

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit