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[SMM spot stainless Steel on May 15] the quotation of 304 cold rolling market in Wuxi area has been slightly reduced by the guidance price of steel mills in Foshan area.
May 15,2020 13:08CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 15:

Wuxi stainless steel: today, Wuxi 304 cold rolling market quotation slightly reduced by 50 yuan / ton, 304thumb 2B rough edge coiling price range 13500 micelle 13900 yuan / ton, 304gamble 2B factory trimming coiling price 13800m2 14000 yuan / ton, the average price is the same; 304. 1 reported 13,100mu 13300 yuan / ton, the average price is 100 yuan / ton lower than yesterday. In the past two days, the transaction is on the weak side, the stainless steel market quotation has been slightly downgraded. According to traders, cold rolling steel mills release less, the current decline is smaller than hot rolling. However, the overall market spot circulation supply is not many, part of the specifications are out of stock, the advance order has not yet been fully delivered. For 10:30 SHFE SS2007 contract price 13315 yuan / ton, Wuxi stainless steel spot water 355-755 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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

Foshan stainless steel: Friday Foshan steel prices by steel factory guidance prices, stable than yesterday, but the second half of the week lack of market demand strong support, high price transaction performance is weak, many businesses choose to reduce prices flexible delivery, callback range of 50-100 yuan / ton, short-term expected South China stainless steel stable and small fluctuations. Foshan area steel quotation, the state-owned 304 2B trimming volume price is stable at 14000-14300 yuan / ton compared with yesterday's average price, private 3042B rough edge roll price is lower than yesterday's average price of 1345013650 yuan / ton, 304 / NO. 1 five feet quote 50 yuan / ton lower than yesterday's quotation at 1310013200 yuan / ton, the 10:30 SHFE SS2007 contract price of 13315 yuan / ton, Foshan stainless steel spot water 305505 yuan / ton (spot trimming = rough edges + 170).

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

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