[SMM spot stainless Steel on May 12] the market quotation in Wuxi is generally stable, and the cold and hot rolling prices of Foshan 200,300 series have risen obviously.

SMM5, March 12:

Wuxi stainless steel: this morning, Wuxi stainless steel market quotation is generally stable, there are individual traders slightly up, 304 2B rough edge roll price range 13700-13900 yuan / ton, the average price is 50 yuan / ton higher than yesterday; 3042B large factory trimming volume price is 1375014050 yuan / ton, the average price is increased by 50 yuan / ton; 304.1 is 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 edge + 170 yuan / ton)

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

Foshan stainless steel: Foshan 200, 300 series cold and hot rolling quotation has risen significantly again, according to market traders said that with steel prices continue to rise, downstream performance increased, the actual market transactions improved, other traders said that the early supply sales faster, there will be new shipments to the market in the near future, short-term steel prices are expected to be stable and strong operation. Foshan area steel quotation, the state-owned 304 2B trimming roll price increased by 250 yuan / ton compared with yesterday's average price in 14100-14400 yuan / ton, private 3042B rough edge roll price increased by 250 yuan / ton compared with yesterday's average price of 13700-13900 yuan / ton, 304 / NO. 1 five feet quote increased by 200 yuan / ton compared with yesterday's offer in 13200-13400 yuan / ton, the 10:30 SHFE SS2007 contract price of 13630 yuan / ton, Foshan stainless steel spot rose 240-4 (spot trimming = rough edges + 170).

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

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