Daily Review of stainless Steel in Foshan area on April 10, 2020

SMM, April 10 / PRNewswire-FirstCall-Asianet /-due to the suspension of orders by steel mills, individual agents in the Foshan market have not quoted prices for the time being, so there is a strong atmosphere for adjusting the market price of private 300series cold rolling in the market, with an increase range of 50100 yuan / ton. However, some traders said that the current price adjustment has not stimulated downstream demand, and steel prices are expected to remain stable next week. Today, Foshan area steel quotation, the state-owned 3042B trimming volume price is stable at 13000-13300 yuan / ton compared with yesterday's average price, private 3042B rough edge roll price is higher than yesterday's average price of 12200-12400 yuan / ton, 304 / NO. 1ft quotation is more stable than yesterday's quotation at 11700-11900 yuan / ton, the 10:30 SHFE SS2006 contract selling price 12390 yuan / ton, Foshan stainless steel spot discount 20-up 180 yuan / ton. (spot trimming = rough edges + 170).