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[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 13, 2020
Apr 13,2020 12:07CST
The content below was translated by Tencent automatically for reference.

SMM4, 13 March:

[April 13, Wuxi stainless Steel Daily Review] SMM: today, the average price of 304 private cold rolling in Wuxi area increased by 100 yuan / ton to 1230012500 yuan / ton, while that of hot rolling slightly increased by 50 yuan / ton to 11800-12000 yuan / ton. 3042B state-owned cut-edge roll price quoted 1290013300 yuan / ton, the average price increased by 100 yuan / ton; Cold rolling prices continue to weaken, the current low price at 7300 yuan / ton, the average price of 7450 yuan / ton, down from last week's price of 150 yuan / ton.

Today, Qingshan 300 series stainless steel cold and hot rolling prices are up 200 yuan / ton, the market Hongwang cold rolling quotation up 100-200 yuan / ton, today Delong cold rolling price slightly increased 50-100 yuan / ton, the base price is quoted at 11900-12000 yuan / ton, compared with Hongwang price is still on the low side. Traders reflect that due to price advantages, the current market prosperous supply is on the low side, Delong is the majority. Now stainless steel prices have rebounded, or steel mills have made a slight improvement after raising prices. Now the market is still full of cold-rolled goods, Delong is still a relatively low price, and subsequent rising stainless steel prices are still under pressure, depending on downstream demand.

For 10:30 SHFE SS2006 contract price 12570 yuan / ton, Wuxi stainless steel spot water-100-100 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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