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Daily Review of stainless Steel in Foshan area on April 27, 2020
Apr 27,2020 12:06CST
translation
Source:SMM
Daily Review of stainless Steel in Foshan area on April 27, 2020
The content below was translated by Tencent automatically for reference.

Foshan stainless Steel Daily Review, SMM, April 27: steel prices in Foshan area fell slightly at the beginning of the week, but most of the private cold rolling spot resources were temporarily stable at 13000 yuan / ton. Under the pressure of capital turnover and loan repayment by the end of the month, traders will make a small profit and flexibly deliver the goods. In May, the transaction is expected to be general, but the steel factory guidance price is expected to be stable and the steel price is expected to be reduced at the later stage. In the quotation of steel products in Foshan area, the state-owned 304 2B trimming volume price is stable at 13500-13700 yuan / ton compared with last Friday's average price, and the private 3042B rough edge roll price is 50 yuan / ton lower than last Friday's average price of 12950-13150 yuan / ton. 304 / NO. 1 5ft quotation is stable at 1260012800 yuan / ton compared with last Friday's quotation, the 10:30 SHFE SS2006 contract price is 12935 yuan / ton, Foshan stainless steel spot rising water 185-385 yuan / ton (spot trimming = rough edges + 170).

 

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