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[SMM spot Information] May 18, 2020 Foshan stainless Steel Daily Review
May 18,2020 12:07CST
translation
Source:SMM
Daily Review of stainless Steel in Foshan area on May 18, 2020
The content below was translated by Tencent automatically for reference.

[Foshan stainless Steel Daily Review] SMM May 18: although the market at the beginning of the week has Qingshan 304 hot rolled and Yongjin June futures guidance prices raised by about 300 yuan / ton as a whole, but the South China market inquiry order in late May and the actual transaction compared with the first half of the month market is slightly light, steel prices do not get high support from the market, so most businesses choose a small callback of steel market prices flexible delivery-based, short-term steel prices are expected to be stable for the time being. Foshan area steel quotation, the state-owned 304Universe 2B trimming crimping price is stable at 14000won / ton compared with the average price last Friday, private 304Universe 2B rough edge crimping price is unchanged than last Friday average price at 13450 NO. 13650 yuan / ton, 304 / NO. 1 five-foot quotation is the same as last Friday quotation at 13100Mutual 13200 yuan / ton, to 10:30 SHFE SS2007 contract selling price 13450 yuan / ton, Foshan stainless steel spot water 170,370 yuan / ton. (spot trimming = rough edge + 170).

Daily Review
Foshan area
stainless steel

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