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[SMM May 7 stainless Steel spot] the price of 300 series stainless steel in Wuxi has generally increased except that the overall price of 400 series steel in Foshan is stable, medium and weak.
May 7,2020 13:32CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, July 7:

Wuxi stainless steel: stainless steel contract prices and June steel factory prices have risen, today Wuxi 300 series stainless steel prices generally rose, most traders have adjusted prices yesterday afternoon, 3042B rough edge roll price range 13300-13400 yuan / ton, the average price is 250 yuan / ton higher than yesterday; 304.1 quoted 13000-13100 yuan / ton. The average price will be increased by 300 yuan per ton. According to market understanding, after yesterday's price hike, the transaction atmosphere is active, receives the order 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 13205 yuan / ton, Wuxi stainless steel spot water 265-365 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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

Foshan stainless steel: today, in Foshan, in addition to the overall stable and weak price of 400 series steel, the prices of 200 series and 300 series cold and hot rolled steel have gradually moved up by the futures market of steel mills after the festival. The cost of raw materials in the market has increased and the effect of taking goods to the warehouse before the downstream festival has been significantly improved. Therefore, many businesses say that the release of downstream demand is still the main performance in the short term, while the increase in the other 200 series cold and hot rolling is not significant. Some businesses have indicated that they will give priority to flexible pricing and shipment. Today, Foshan area each department steel market quotation situation, among them the state-owned 3042B trimming roll price increases 50 yuan / ton compared with yesterday's average price at 1355013750 yuan / ton, the private 3042B rough edge roll price increases sharply 200 yuan / ton in 13250-13350 yuan / ton compared with yesterday, 304 / NO. 1 5ft quotation shows a substantial increase of 250yuan / ton compared with before the festival, reported in 12900-13000 yuan / ton, to 10:30 SHFE SS2007 contract buyer 13205 yuan / ton, Foshan stainless steel spot water 215315 yuan / ton. (spot trimming = rough edges + 170).

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

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