[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 22, 2020

SMM4, 22nd:

[April 22, Wuxi stainless Steel Daily Review] SMM: today, the price of 304 stainless steel cold and hot rolling in Wuxi is weak and stable. 304 cold rolling quotation range 13100-13300 yuan / ton, 304 hot rolling is quoted at 12800-13000 yuan / ton.

The trading situation this week is weaker than last week, and the price of stainless steel disk fell yesterday, and some businesses have cut prices slightly today. Some traders said that transaction weakness, on the one hand, due to the early downstream replenishment demand released after the current procurement enthusiasm decline; on the other hand, stainless steel prices have now risen to recent highs, some traders hold a wait-and-see attitude.

For 10:30 SHFE SS2006 contract price 12990 yuan / ton, Wuxi stainless steel spot water 280-480 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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