[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 14, 2020

SMM4, 14 March:

SMM, 14 April: today, the price of 304 cold and hot rolling in Wuxi is still up slightly. The average price of private cold rolling is increased by 100 yuan / ton to 12400-12600 yuan / ton; hot rolling is up 200 yuan / ton to 12000-12200 yuan / ton; 3042B state-owned cut-edge roll price is 12900-13300 yuan / ton, the same as yesterday.

In the past two days, the market price of 304 stainless steel rose slightly, mainly due to the increase in the new opening price after the closure of the steel plant, and the superimposed futures contract price is still a strong trend. some traders said that some businesses have little existing inventory, but some orders have been signed out, and the price has been raised, so the current order receiving situation is still OK, but whether the subsequent price strengthening state can continue depends on the downstream demand situation. A short-term price adjustment at present or in a lower position.

For 10:30 SHFE SS2006 contract price 12590 yuan / ton, Wuxi stainless steel spot rising water-20-180 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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