[SMM spot Information] Daily Review of stainless Steel in Wuxi area on May 07, 2020

Published: May 07, 2020 12:32 (GMT+8)

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[may 07 Wuxi stainless Steel Daily Review] SMM May 07: stainless steel contract prices and June steel factory prices have risen, today's Wuxi 300 series stainless steel prices generally rose, most traders have adjusted prices yesterday afternoon, 304 2B rough edge roll price range 13300-13400 yuan / ton, the average price is 250 yuan / ton higher than yesterday; 304/NO.1 quoted 13000-13100 yuan / ton. The average price will be increased by 300 yuan per ton.

As far as the market understands, after yesterday's price increase, the transaction atmosphere is active, and the order is hot. On the one hand, because some downstream enterprises are in the state of net inventory consumption during the holiday period, there is now part of the procurement demand; on the other hand, the price increase, for the downstream buy up and not buy down the mood, the purchase is positive, therefore, the transaction is good.

For 10:30 SHFE SS2007 contract price is 13205 yuan / ton, Wuxi stainless steel spot water is 265365 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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