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[SMM May 20 stainless steel spot] the quotation for 304 cold rolling in Wuxi is generally stable and the rising atmosphere of cold and hot rolling in Foshan is strong.
May 20,2020 13:36CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 20:

Wuxi stainless steel: today, Wuxi stainless steel 304 cold rolling quotation is generally stable, 304ram 2B rough edge coiling price range 13600mur13800 yuan / ton; 304 hot rolling slightly increased 50 yuan / ton, 304. 1 13250mur13350 yuan / ton; 3042B factory coiling price 13900mur14100 yuan / ton, the average price increased by 100 yuan / ton. Today, the price of 304 private cold rolling is stable, but traders reflect that the transaction atmosphere is light and there are fewer inquiry orders; the situation of hot rolling is slightly better than that of cold rolling, and some traders report a slight increase of 50 yuan per ton due to the increase in nickel price, but the overall transaction is general. Some operators believe that if the downstream demand can not continue to follow up, the price of stainless steel may fall. At noon, Qingshan Steel Plant announced the price of the July order, and the hot and cold rolling price was the same as the last offer. For 10:30 SHFE SS2007 contract price is 13460 yuan / ton, Wuxi stainless steel spot water is 310 RMB510 / ton. (spot trimming = rough edge + 170 yuan / ton)

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

Foshan stainless steel: Foshan hot and cold rolling price and rising atmosphere is strong, the rate of increase is 50 mur100 yuan / ton, according to some traders said that with the mainstream steel mill guide price gradually upward, the market spot resources quotation homeopathic adjustment, but the downstream demand enthusiasm is general, steel actual transaction is still profitable, short-term Foshan stainless steel is expected to be affected by the demand performance is not strong or will be temporarily stable operation. 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).

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

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