Daily Review of stainless Steel in Foshan area on April 29, 2020

[Foshan stainless Steel Daily Review] SMM April 29: pre-festival spot resources in South China transaction atmosphere is light, although there are traders pre-festival replenishment, but the downstream demand release performance is still worried, so the post-festival market wait-and-see sentiment increases, it is expected that short-term steel prices may be stable or small margin to make a profit. 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 12945 yuan / ton, Foshan stainless steel spot water 175-375 yuan / ton. (spot trimming = rough edges + 170).