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[SMM spot Information] May 18, 2020 Wuxi stainless Steel Daily Review
May 18,2020 13:23CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

[Wuxi stainless Steel Daily Review] May 18 SMM: today, Wuxi stainless steel market quotation is generally flat, 304amp 2B rough edge crimping price range 13500lb 13800 yuan / ton, the average price slightly reduced by 50 yuan / ton; 304gamma 2B factory trimming crimping price 13800mur14000 yuan / ton, 304 / NO.1 13100,13300 yuan / ton, are the same as last Friday.

Today, Aoyama stainless steel announced a new offer price for 304cold and hot rolling, with 304mm hot rolled board at 13100 yuan / ton and 304ft cold rolling at 13400 yuan / ton, both of which are 300 yuan / ton higher than the previous price. But recently, stainless steel spot transactions have a weakening trend, May orders gradually reached the market, cold rolling quotation slightly reduced. Operators said that most of the orders are expected to arrive this week, and even if the futures price increases after the concentrated arrival of goods, the impact on the spot market is estimated to be limited, mainly depending on downstream transactions and receipt of goods.

For 10:30 SHFE SS2007 contract price of 13450 yuan / ton, Wuxi stainless steel spot water 220mur520 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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