[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 24, 2020

SMM4, 24th:

SMM, 24 April: today, 304 stainless steel cold and hot rolling prices in Wuxi area are stable, 304 cold rolling price 12900-13300 yuan / ton, 304 hot rolling price 12700-12900 yuan / ton, the prices are the same as yesterday. Today, the price was lowered by 100 yuan / ton, and the average price was quoted at 7050 yuan / tonne. According to the report of traders, there is a large supply of goods in the 400 series market, and the price continues to weaken.

Today, stainless steel prices remained stable as a whole, but some traders still slightly reduced 50-100 yuan / ton to explore the market to promote the pick-up of goods, but most of them waited and saw downstream at the end of the month. Subsequent stainless steel prices are expected to run steadily.

For 10:30 SHFE SS2006 contract price 12965 yuan / ton, Wuxi stainless steel spot water 105-505 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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