[SMM April 22 stainless Steel spot] Wuxi 304 stainless Steel Cold and Hot Rolling Price is weak and stable in Foshan area, the atmosphere of receiving orders is calmer than last week.

SMM4, 22nd:

Wuxi stainless steel: today, Wuxi 304 stainless steel cold and hot rolling price is weak and stable, 304 cold rolling quotation range 13100-13300 yuan / ton, 304 hot rolling 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)

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

Foshan stainless steel: according to Foshan stainless steel traders said that the overall atmosphere of receiving orders has been gentle compared with last week, but 200 series and 300 series steel prices have not dropped, there are still scattered inquiries downstream of the terminal, so many businesses will actively receive orders for shipment during the period of rising steel prices in the market, and it is expected that there will be a small increase in the trend of short-term steel prices. Foshan area steel quotation, the state 3042B trimming volume price is slightly higher than yesterday's average price of 50 yuan / ton in 13500-13700 yuan / ton, private 3042B rough edge roll price increased by 50 yuan / ton to 13100-13200 yuan / ton, 304 / NO. 1 five feet quote rose 50 yuan / ton in 12700-12900 yuan / ton, the 10:30 SHFE SS2006 contract price of 12990 yuan / ton, Foshan stainless steel spot water 280380 yuan (spot trimming = rough edges + 170).

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

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