SMM4, 17 March:
SMM, April 17-SMM: today, 304 private cold rolling in Wuxi is quoted at 12900-13000 yuan / ton, the price is the same as yesterday, and some hot rolling companies are slightly reduced by 50100 yuan / ton to 1240012700 yuan / ton.
Recently, the spot price of stainless steel has risen, and the transaction situation has remained good. On the one hand, because of the small supply of some specifications, on the other hand, because of the proximity to the May Day holiday, some businesses have restocked, and some traders have indicated that now the order for April has basically been booked to the end of the month. However, after the gradual completion of replenishment downstream, and the upward trend returned to calm, transactions have shrunk slightly in the past two days. There is a small reduction in the price of 304 hot rolling today to promote shipment.
For 10:30 SHFE SS2006 contract price 12810 yuan / ton, Wuxi stainless steel spot water 260-360 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
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