SMM4, 20 March:
[April 20 Wuxi stainless Steel Daily Review] SMM: today's opening, stainless steel 2006 contract pulled up, during the period once exceeded 13300 yuan / ton. Spot market quotation has also been adjusted to varying degrees, Wuxi 304 private cold rolling quoted 13000-13200 yuan / ton, the average price increased by 150 yuan / ton; hot rolling quoted 12600-12900 yuan / ton, the average price increased by 200 yuan / ton. 304 the average price of state-run edge cutting was increased by 150 yuan / ton to 13200-13400 yuan / ton.
Some traders said that some of the specifications of 304 stainless steel in the market are still out of stock, the circulation of goods is not very abundant, and the subsequent prices may still be on the strong side, but the specific range of increase depends on the specific pick-up situation downstream.
For 10:30 SHFE SS2006 contract price 13260 yuan / ton, Wuxi stainless steel spot water-90-110 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
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