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[SMM May 8 stainless Steel spot] Wuxi stainless Steel Price Market quotation is the same as Foshan area Market Steel Price overall High Price Operation
May 8,2020 14:08CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, 8 March:

Wuxi stainless steel: today's Wuxi stainless steel market prices are flat, 304 2B rough edge price quotation range 13300-13400 yuan / ton; 304.1 quoted 13000-13100 yuan / ton. According to the report of traders, the atmosphere of transactions today is not as lively as that of the previous two days. 304 cold rolling, some traders quoted stable, but the actual transaction slightly reduced. Orders are expected to be concentrated in May next week, with an increase in supply and pressure on prices, but the specific price trend in the later stage will still depend on whether the downstream demand situation can continue to improve. For 10:30 SHFE SS2007 contract price 13125 yuan / ton, Wuxi stainless steel spot water 345-445 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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

Foshan stainless steel: Foshan area within the week by steel mills to pull up, the market steel price as a whole high price operation, today's market inquiry order is still OK, part of the actual transaction situation has been flexible pricing shipment, short-term stable operation of steel prices, but the late price trend still depends on the release of terminal demand. Foshan area steel quotation, the state-owned 304 2B trimming volume price is more stable than yesterday's average price at 13550-13750 yuan / ton, private 3042B rough edge roll price is more stable than yesterday's average price at 1325013350 yuan / ton, 304 / NO. 1 five feet quotation is more stable than yesterday's quotation at 12900-13000 yuan / ton, the 10:30 SHFE SS2007 contract selling price 13125 yuan / ton, Foshan stainless steel spot water 295-395 yuan / ton. (spot trimming = rough edges + 170).

(Foshan area raised the discount range at 10:30 on the same day)

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