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[SMM April 28 stainless Steel spot] Wuxi 304 stainless Steel Cold and Hot Rolling prices are stable in South China Steel Market transaction performance
Apr 28,2020 12:09CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 28 March:

Wuxi stainless steel: today, 304 stainless steel cold and hot rolling prices in Wuxi are stable, 304 cold rolling 12800-13300 yuan / ton, 304 hot rolling 12600-12900 yuan / ton. In the past two days, the stainless steel futures SS2006 contract weakened and gradually moved to the 07 contract. The spot price is more stable, therefore the spot price difference expands slightly, the futures disk surface compared with the spot drop water expands to 200-600 yuan / ton. At present, spot transactions are on the weak side. Yesterday, Castle Peak closed, suspended the news of receiving orders, but the market reaction is stable, there is no greater volatility. For 10:30 SHFE SS2006 contract price 12795 yuan / ton, Wuxi stainless steel spot water 175-675 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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

Foshan stainless steel: the middle and south China steel market at the end of the month transaction performance is general, although the steel price has a small pullback of 50 yuan / ton, but the steel factory guidance price is temporarily stable, so the market price sentiment has not decreased, but part of the end market has fixed orders, pre-festival procurement willingness is not strong, the late steel prices are mainly wait-and-see, short-term steel prices temporarily stable operation. Foshan area steel quotation, the state-owned 304 2B trimming volume price is more stable than yesterday's average price at 13500-13700 yuan / ton, private 3042B rough edge volume price is more stable than yesterday's average price at 1295013150 yuan / ton, 304 / NO. 1 five feet quotation is more stable than yesterday's quotation at 12600-12800 yuan / ton, the 10:30 SHFE SS2006 contract selling price 12795 yuan / ton, Foshan stainless steel spot water 325-525 yuan / ton. (spot trimming = rough edges + 170).

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

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