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[SMM Foshan stainless Steel Daily Review] stable steel prices of all series and small and medium upward market transactions still need to be operated at a profit.
May 20,2020 12:08CST
translation
Source:SMM
All series of steel prices are stable and small and medium-sized upside market transactions still need to be operated at a profit.
The content below was translated by Tencent automatically for reference.

[Foshan stainless Steel Daily Review] SMM May 20: the cold and hot rolling prices of all departments in Foshan area are strong and the rising atmosphere is strong, with an increase of 50 million yuan / ton. According to some traders, with the guidance price of mainstream steel mills gradually rising, the price of spot resources in the market is on the rise, but the enthusiasm of downstream demand for taking goods is general, and there is still a profit in the actual transaction of steel. In the short term, it is expected that the stainless steel in Foshan area will not be strongly affected by the demand performance or will operate stably temporarily. In terms of quotations for steel products of various departments in Foshan, the price of state-owned 304cm 2B trimming coil is 100 yuan / ton higher than yesterday's average price at 14,100 won 14,400 yuan / ton, private 304hand 2B rough edge roll is slightly higher than yesterday's average price by 50 yuan / ton at 13600 NO. 13900 yuan / ton, 304 / NO. 1 five-foot quotation is 50 yuan / ton higher than yesterday's quotation at 13,100,13300 yuan / ton, for 10:30 SHFE SS2007 contract selling price 13460 yuan / ton, Foshan stainless steel spot water 310 cents 610 yuan (spot trimming = rough edge + 170).

 

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