SMM4, 23 March:
[daily Review of stainless Steel in Wuxi area, April 23] SMM: today, the cold and hot rolling prices of 304 stainless steel in Wuxi area have been reduced slightly, with the average price of 304 cold rolling down 100 yuan / ton to 12900-13300 yuan / ton and 304 hot rolling 12700-12900 yuan / ton, 100 yuan / ton lower than yesterday.
At present, the spot transaction situation gradually weakens, some traders reflect, now the shipment is not smooth, lower prices to stimulate the market. Towards the end of the month, under the trend of price correction, wait and see downstream.
For 10:30 SHFE SS2006 contract price 13065 yuan / ton, Wuxi stainless steel spot water 5-405 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
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