[SMM spot Information] Daily Review of stainless Steel in Wuxi area on May 12, 2020

Published: May 12, 2020 12:29

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[may 12, Wuxi stainless Steel Daily Review] SMM: this morning, Wuxi stainless steel market quotation is generally stable, there are individual traders slightly increased, 3042B rough edge roll price range 1370013900 yuan / ton, the average price is 50 yuan / ton higher than yesterday; 3042B large factory trimming volume price 1375014050 yuan / ton, the average price increase 50 yuan / ton; 304/NO.1 quoted 13300-13500 yuan / ton, the same as yesterday's price.

According to market understanding, at present, Qingshan Steel Plant 300 series stainless steel has not announced the new price; there are other steel mills quoted 13400 yuan / ton, delivery in June. In the past two days, after the price increase, Wuxi market transactions in general, traders said that since the May Day holiday, stainless steel market prices rose greatly, prices fluctuated sharply, downstream more cautious. If the steel mill price is still raised in the later period, the market price of stainless steel will remain strong.

For 10:30 SHFE SS2007 contract price 13630 yuan / ton, Wuxi stainless steel spot water 240-440 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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