SMM4, 15 March:
SMM, April 15 (Xinhua) this morning, the price of 304 cold and hot rolling in Wuxi continued to rise, with the average price of private cold rolling rising by 300 yuan / ton to 12700-12900 yuan / ton, and hot rolling by 300 yuan / ton to 12300-12500 yuan / ton. In the morning after the price adjustment, at noon, some traders adjusted prices again, up 100-200 yuan / ton.
The spot price of stainless steel has also risen one after another, stimulated by the continuous rise in futures contract prices and the increase in the price of steel mills. Some businessmen said that at present, prices are rising rapidly, prices have been adjusted many times in a day, and some specifications also have a tight trend, and now prices have been raised continuously, the transaction situation has not been greatly affected, and the overall transaction is stable. Superimposed steel mills and businesses are the mentality of high prices, prices may still be strong in the short term.
For 10:30 SHFE SS2006 contract price 12980 yuan / ton, Wuxi stainless steel spot rising water-110-90 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
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