SMM4, March 3:
Wuxi stainless steel: today, the average price of 304 hot rolled stainless steel in Wuxi area was slightly reduced by 50 yuan / ton, 304 / NO. 1 five feet to 11800-12000 yuan / ton. Cold rolling is stable, 304 2B rough edge roll price is 12150-12450 yuan / ton, state-run 304 2B cut edge roll price is 13000-13400 yuan / ton. Traders said that today's hot rolling small downward trend, in addition to falling prices, there is also a willingness to let profit out of the goods, some businesses believe that demand in April will be less than March, more inclined to ship as soon as possible. For 10:30 SHFE SS2006 contract price 11940 yuan / ton, Wuxi stainless steel spot water 380-680 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
(10:30 liter discount area in Wuxi area on that day)
Foshan stainless steel noon review: Foshan area steel prices slowed down on Friday, before the festival in southern China just need to pick up the general atmosphere, unfavorable support steel prices rose in the later stage, the short-term stainless steel market continued a weak and stable trend. Friday Foshan area steel quotation, the state-owned 304 2B trimming volume price is more stable than yesterday's average price at 13100-13400 yuan / ton, private 3042B rough edge volume price is more stable than yesterday's average price at 12100-12400 yuan / ton, 304 / NO. 1 five feet quotation is temporarily stable at 11800-12000 yuan / ton, the 10:30 SHFE SS2006 contract selling price 11940 yuan / ton, Foshan stainless steel spot water 330630 yuan / ton. (spot trimming = rough edges + 170).
(10:30 discount area in Foshan area on that day)
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