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[SMM 17 April stainless Steel spot] Wuxi spot Price rises well in Foshan Steel Market
Apr 17,2020 13:10CST
The content below was translated by Tencent automatically for reference.

SMM4, 17 March:

Wuxi stainless steel: today, Wuxi 304 private cold rolling quoted 12900-13000 yuan / ton, the price is the same as yesterday; hot rolling some businesses slightly reduced 50-100 yuan / ton, quoted 12400-12700 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)

(10:30 liter discount area in Wuxi area on that day)

Foshan stainless steel: with the steel factory price and continued price rise, Foshan area steel market has a stable rise, but the upward range by the downstream volume of goods is also different, many local traders said that within the week inquiry and actual procurement increased, but the quotation and the actual price transaction merchants tend to make a small profit, so the downstream terminal purchasing atmosphere is strong, the effect of going to the warehouse has improved. Friday Foshan area steel quotation, the state-owned 3042B trimming volume price is stable at 13200-13500 yuan / ton compared with yesterday's average price, private 3042B rough edge roll price is the same as yesterday's average price at 12800-12900 yuan / ton, 304 / NO. 1 five feet quotation is stable at 12400-12600 yuan / ton, the 10:30 SHFE SS2006 contract selling price 12810 yuan / ton, Foshan stainless steel spot water 160-260 yuan / ton. (spot trimming = rough edges + 170).

(10:30 discount area in Foshan area on that day)

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