Daily Review of stainless Steel in Foshan area on April 7, 2020

Foshan area stainless steel noon review] SMM April 7: the first day after the festival Foshan stainless steel market quotation is flat compared with the whole before the festival, of which 300 series cold rolling market transaction compared with the quotation appeared slightly lower, downstream take goods demand is not high, just need low price transaction, pre-festival order, after the normal rhythm of delivery, short-term steel price weak operation. On the first day after the festival, the quotation of steel products in Foshan area, the state-owned 304 2B trimming volume price fell 50 yuan / ton from last Friday's average price of 13100-13300 yuan / ton, the private 3042B rough edge roll price was stable at 12100-12400 yuan / ton compared with yesterday's average price, 304 / NO. 1 five feet quotation was temporarily stable at 11800-12000 yuan / ton, the 10:30 SHFE SS2006 contract price was 12060 yuan / ton, Foshan stainless steel spot rose to 210-510 yuan / ton. (spot trimming = rough edges + 170).