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[SMM 23 April stainless steel spot] Wuxi 304 stainless steel cold and hot rolling prices are slightly reduced Foshan overall market guidance price temporary stable operation
Apr 23,2020 13:05CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 23 March:

Wuxi stainless steel: today, the cold and hot rolling prices of 304 stainless steel in Wuxi area have been reduced slightly. The average cold rolling price of 304 stainless steel has been reduced by 100 yuan / ton to 1290013300 yuan / ton, and 304 hot rolling to 1270012900 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)

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

Foshan stainless steel: in the near future, individual steel mills plan to overhaul, the overall market guidance price is temporarily stable operation, among which the spot resources of the steel plant in South China are on the low side, supporting the steel price is strong in the short term. The market price of private steel is slightly loose today, and the demand for goods downstream is not sustainable, so the support of high steel price is weak, and the short-term steel price fluctuates mainly in small and medium amplitude. Foshan area steel quotation, the state-owned 304 2B trimming volume price held stable in 13500-13700 yuan / ton compared with yesterday's average price, private 3042B rough edge roll price 50 yuan / ton in 13000-13200 yuan / ton, 304 / NO. 1 five feet quote down 100 yuan / ton in 1260012800 yuan / ton, 10:30 SHFE SS2006 contract selling price 13065 yuan / ton, Foshan stainless steel spot rose 105-305 yuan / ton. (spot trimming = rough edges + 170).

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

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