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[SMM 27 April stainless steel spot] Wuxi 304 stainless steel cold and hot rolling price reduced slightly Foshan series steel price steady and small drop
Apr 27,2020 13:10CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 27 March:

Wuxi stainless steel: today, Wuxi stainless steel cold and hot rolling prices are slightly lower, 304 cold rolling average price of 13050 yuan / ton, slightly lower than Friday price 50 yuan / ton, 304 hot rolling price 12600-12900 yuan / ton, the average price down 50 yuan / ton compared with last Friday. 201430 prices were flat today, with an average price of 7100 yuan / tonne and an average price of 7050 yuan / tonne. By the end of the month, transactions weakened, cash flow and other pressure, 300 series stainless steel prices weakened slightly, some traders slightly reduced 50-100 yuan / ton shipment. The market has cold rolling base price quoted to 12600 yuan / ton, cold and hot rolling price difference narrowed to 200 yuan / ton, the price continues to hang upside down. At present, most of the downstream hold a wait-and-see attitude, and prices are expected to weaken steadily this week. For 10:30 SHFE SS2006 contract price 12935 yuan / ton, Wuxi stainless steel spot water 35-535 yuan / ton. Spot edge cutting = rough edge + 170 yuan / ton)

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

Foshan stainless steel: at the beginning of the Zhou Dynasty, the steel prices of various departments in Foshan area dropped slightly, 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 ship the goods. In May, the transaction is expected to be general, but the steel factory guidance price is expected to be limited in the later period. 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).

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

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