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[SMM May 11 stainless Steel spot] Market quotes in Wuxi generally rise downstream, take goods cautiously, and quotations in South China rise sharply compared with last week.
May 11,2020 13:22CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, 11th May:

Wuxi stainless steel: today, Wuxi stainless steel market quotation generally rose, 3042B rough edge price quotation range 13600-13900 yuan / ton, the average price increased by 400 yuan / ton compared with last Friday; 3042B large factory trimming volume price quoted 13700-14000 yuan / ton, the average price increased 350 yuan / ton; 304/NO.1 quoted 13300-13500 yuan / ton, the average price increased 350 yuan / ton. According to traders, prices generally rose on Saturday, but after the price rose, there were fewer inquiries and lower downstream orders, and the transaction atmosphere was general before noon today. Qingshan Steel works opened a new offer for 200series stainless steel this morning. 201/J1 cold rolling was quoted at 7150 yuan / ton, an increase of 100yuan / ton over the previous price, but the price of 300series stainless steel has not yet been released. At present, some operators believe that 304 stainless steel prices are on the high side, downstream goods will be more cautious. For 10:30 SHFE SS2007 contract price 13645 yuan / ton, Wuxi stainless steel spot water 125-425 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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

Foshan stainless steel: 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 mills actively pulling up the steel price, the market terminal purchasing demand was centrally released. At present, many traders arrange for delivery, indicating that the transaction and storage have a better performance, and the pre-inventory pressure has been 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 25-125 yuan / ton. (spot trimming = rough edges + 170).

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

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