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Daily Review of stainless Steel in Foshan area on 13 April 2020
Apr 13,2020 12:41CST
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Source:SMM
Daily Review of stainless Steel in Foshan area on 13 April 2020
The content below was translated by Tencent automatically for reference.

SMM, April 13 / PRNewswire-FirstCall-Asianet /-at the beginning of the week, the overall quotation of steel products in Foshan area was stable and moderately increased, mainly affected by the announcement of the closure of steel mills last week, and the atmosphere of agents and traders shouting to rise was enhanced, but the spot resources in the market were too large. Many traders still said that they would make a small profit out of the warehouse at present, so there was little room for steel prices to rise in the short term. The order quantity of terminal demand is still the main influence factor of steel price. In today's steel quotation of various departments in Foshan, the state-owned 304 2B trimming volume price is stable at 13000-13300 yuan / ton compared with last Friday's average price, and the private 3042B rough edge roll price is slightly increased by 50 yuan / ton compared with last Friday's average price of 12300-12400 yuan / ton. 304 / NO. 1 5ft quotation is 100 yuan / ton higher than the average market price of 11800-12000 yuan / ton last Friday, and the 10:30 SHFE SS2006 contract is sold at 12570 yuan / ton. Foshan stainless steel spot discount 100 yuan / ton. (spot trimming = rough edges + 170).

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