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[SMM spot Information] May 11, 2020 Foshan stainless Steel Daily Review
May 11,2020 13:20CST
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Source:SMM
Daily Review of stainless Steel in Foshan area on May 11, 2020
The content below was translated by Tencent automatically for reference.

Foshan stainless Steel Daily Review] SMM May 11: at the beginning of Zhou Dynasty, the quotation of the whole stainless steel market in South China was significantly higher than that of last week. Under the steel mill's initiative to pull up the steel price, the market terminal purchasing demand was centrally released. At present, many traders arranged for delivery, indicating that the transaction and storage had a better performance, and the pre-inventory pressure was alleviated. In the quotation of steel products in Foshan, the price of the state-owned 304 2B trimming roll is 350 yuan / ton higher than the average price of 13850-14150 yuan / ton on Friday, and the private 3042B rough edge roll price is 250 yuan / ton higher than the average price of 13500-13600 yuan / ton on Friday. 304 / NO. 1 5ft quotation is 150 yuan / ton higher than last Friday's quotation at 13000-13200 yuan / ton, and the 10:30 SHFE SS2007 contract price is 13645 yuan / ton. Foshan stainless steel spot water 25 RMB125 / ton. (spot trimming = rough edges + 170).

 

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