Daily Review of stainless Steel in Foshan area on April 16, 2020

SMM, April 16 / PRNewswire-FirstCall-Asianet /-at present, the overall rising atmosphere of steel prices in Foshan is strong, and some traders say that spot transactions on the spot have increased significantly compared with the previous month. Therefore, businesses have also used the rising trend of steel prices to actively withdraw funds to alleviate the previous turnover pressure. In the short term, the atmosphere of inquiry and signing of downstream terminals is preferred, and steel prices are mainly rising steadily. But some traders say steel prices lack a strong support for the release of demand at a later stage. In the quotation of steel products in Foshan today, the price of the state-owned 304 2B trimming roll is 100 yuan / ton higher than yesterday's average price at 13200-13500 yuan / ton, and the private 3042B rough edge roll price is 150 yuan / ton higher than yesterday's average price of 12800-12900 yuan / ton. 304 / NO. 1 5ft quotation is 350 yuan / ton higher than yesterday's quotation at 12400-12600 yuan / ton, and the 10:30 SHFE SS2006 contract price is 12765 yuan / ton. Foshan stainless steel spot water 205305 yuan / ton. (spot trimming = rough edges + 170).