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[SMM May 14 stainless Steel spot] Wuxi stainless Steel Market quotation is generally stable, Foshan department high price transaction performance is weak
May 14,2020 13:08CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5, 14 March:

Wuxi stainless steel: today, Wuxi stainless steel market quotation is generally stable, 304 2B rough edge roll price quotation range 13600-13900 yuan / ton, 304 2B cutting edge roll price 1375014050 yuan / ton, the price is the same as yesterday; 304. 1 price 13100-13500 yuan / ton, the average price is 50 yuan / ton lower than yesterday. In the past two days, due to the gradual slowdown in transactions, stainless steel market quotation has a weakening trend, but due to the limited market volume, the supply of goods in circulation in the market has not increased significantly, only some traders with a certain inventory stock have made a small adjustment. For 10:30 SHFE SS2007 contract price 13335 yuan / ton, Wuxi stainless steel spot water 435-735 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

(Wuxi area raised the discount range at 10:30 on the same day)

Foshan stainless steel: Foshan area recent high price transaction performance is slightly weak, so at present to meet market demand, businesses said that short-term steel prices may be stable and small correction, in addition, heard that the Foshan market yesterday, Yunnan Tiangao 304 hot rolling futures price at the end of May is on the low side at 13000 yuan / ton, some traders said that the hot rolling pick-up price is 200-300 yuan / ton lower than the market quotation for hot rolling in the same period. 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 3042B trimming volume price held steady at 14000-14300 yuan / ton compared with yesterday's average price, private 3042B rough edge roll price down 50 yuan / ton from yesterday's average price quoted in 13550-13750 yuan / ton, 304 / NO. 1 five feet quote down 100yuan / ton from yesterday quoted at 1310013300 yuan / ton, the 10:30 SHFE SS2007 contract selling price 13335 yuan / ton, Foshan stainless steel spot water 385-585 yuan / ton. (spot trimming = rough edges + 170).

(Foshan area raised the discount range at 10:30 on the same day)

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