SMM4, March 2:

Today, the average price of 304 cold rolled stainless steel in Wuxi area was slightly reduced by 50 yuan / ton, 304 2B rough edge coil price was quoted at 12150-12450 yuan / ton, and hot rolling was stable, 304 / NO. 1 5 feet was quoted at 11850-12050 yuan / ton. The state-run 304 2B trimming volume is quoted at 13000-13400 yuan per ton.

According to the reaction of traders, the transaction of 300 series hot rolling in March is fair, which is obviously better than that in February, and can almost reach the normal shipping level. The improvement of cold rolling is weaker than that of hot rolling. Near the Qingming Festival holiday, prices are expected to remain stable recently, this morning due to a larger drop in nickel prices, some traders 304 cold rolling quotation slightly reduced by 50 yuan / ton.

For 10:30 SHFE SS2006 contract price 11950 yuan / ton, Wuxi stainless steel spot water 370-670 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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