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[SMM 20 April stainless steel spot] Wuxi market quotation has been adjusted to varying degrees Foshan cold rolling series once again slightly increased
Apr 20,2020 13:01CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 20 March:

Wuxi stainless steel: after the opening of the previous issue today, the stainless steel 2006 contract rose upward, during which it 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)

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

Foshan stainless steel: at the beginning of Zhou Dynasty, the cold rolling series of 200 series and 300 series in Foshan area increased slightly by 50 yuan / ton again. Last week, the terminal picked up the goods more actively, and the market went to the warehouse obviously. However, some operators said that the actual transaction situation this week may slow down, and the overall smooth operation of steel prices is expected in the short term. In the quotation of steel products in Foshan on Monday, the price of the state-owned 304 2B trimming volume was 13200-13500 yuan / ton more stable than yesterday's average price, while the private 3042B rough edge roll price was the same as yesterday's average price of 12800-12900 yuan / ton. The 304 / NO. 1 five-foot quotation was stable at 12400-12600 yuan / ton, the 10:30 SHFE SS2006 contract selling price was 13260 yuan / ton, and Foshan stainless steel spot posted 290-190 yuan / ton. (spot trimming = rough edges + 170).

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

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