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[SMM spot Information] Daily Review of stainless Steel in Foshan area on May 14, 2020
May 14,2020 11:49CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[Foshan stainless Steel Daily Review] SMM May 14th: the recent high-price transaction performance of various departments in Foshan is slightly weak, so now it caters to the market demand. Merchants say that short-term steel prices may be stable and medium-sized pullback. In addition, I heard that the futures price of Yunnan Tiangao 304 hot rolling at the end of May was on the low side at 13000 yuan / ton in Foshan market yesterday. Some traders said that the hot rolling delivery price was 200,300 yuan / ton lower than the hot rolling quotation for the same period in the market. However, in the later stage, the operation of steel price still needs to wait and see the change of downstream demand, mainly temporary stability in the short term. Foshan area steel quotation, the state-owned 304Universe 2B trimming crimping price stable at 14000lue 14300 yuan / ton compared with yesterday's average price, private 304UB2B rough edge crimping price down 50 yuan / ton than yesterday's average price in 13550Mube 13750 yuan / ton, 304 / NO. 1 five-foot quotation is 100 yuan / ton lower than yesterday's quotation at 13100Mutual 13300 yuan / ton, to 10:30 SHFE SS2007 contract selling price 13335 yuan / ton, Foshan stainless steel spot water 385585 yuan / ton. (spot trimming = rough edges + 170).

Daily Review
Foshan area
stainless steel

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