[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 8, 2020

SMM4, 8 March:

SMM, 8 April: today, Wuxi 304 hot rolling down 50 yuan / ton, 304 / NO. 1 five feet 11750-11950 yuan / ton, 304 2B rough edge roll price 12100-12400 yuan / ton, stable price; state-owned 3042B cut edge roll price 12900-13300 yuan / ton, the average price down 100 yuan / ton.

Yesterday, Castle Peak cold and hot rolling sales price down 200 yuan / ton, the market hot rolling slightly fell, cold rolling, part of the agent Yongjin supply is still 12200 yuan / ton, Hongwang, Qingtuo Shangke and other sources because the market quotation is lower than the sales guidance price, the price is stable today. Traders said that in the case of lower prices, downstream more wait-and-see attitude.

For 10:30 SHFE SS2006 contract price 12070 yuan / ton, Wuxi stainless steel spot water 200-500 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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