[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 10, 2020

SMM4, 10 March:

[daily Review of stainless Steel in Wuxi area, April 10] SMM: today, 304 private cold rolling in Wuxi area increased slightly by 50 yuan / ton to 1215012450 yuan / ton; both hot rolling and state-run cold rolling held steady, 3042B state-run edge cutting coil price quoted 1280013200 yuan / ton; 304 hot rolling quoted 1175011950 yuan / ton. Yesterday afternoon, Castle Peak 300 series stainless steel seal, then, businesses slightly up to test the market, on the other hand, stainless steel SS2006 contract futures prices this week showed a strong trend, today from the spot of the continuous discount state to flat to rising water, therefore, traders also have a high price mentality. But most of the market supply, traders said that now stainless steel prices just stop falling and stabilizing, the extent of the increase will still give way when the actual transaction. For 10:30 SHFE SS2006 contract price 12390 yuan / ton, Wuxi stainless steel spot water-70-230 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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