Home / Metal News / [SMM spot Information] stainless Steel Trading Light Steel Plant's new opening price remains stable

[SMM spot Information] stainless Steel Trading Light Steel Plant's new opening price remains stable

iconMay 20, 2020 13:34
Source:SMM

[Wuxi stainless Steel Daily Review on May 20] SMM 20 May: today, Wuxi stainless steel 304 cold rolling quotation is generally stable, 304x2b rough edge coiling price range 13600Mb 13800 yuan / ton; 304hot rolling slightly increased 50 yuan / ton, 304 / NO.1 13250Mub 13350 yuan / ton; 3042B big factory coiling price 1390014100 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)

 

 

For more information, please subscribe to SMM Nickel Research Group products "China Ni-Cr stainless Steel Industry chain routine report" and "China Ni-Cr stainless Steel Industry chain High-end report" to get the latest data analysis and market analysis of nickel ore, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochrome and stainless steel (China + Indonesia). For order and trial, please call 021 tel 5166 6817 QQ: 2880 505562, contact: Li Chuntian]

     
 (上海有 色 网  李春田 TEL:021-5166 6817 QQ :2880505562)

Spot information
stainless steel
trend forecast
SMM brief review
daily review
Shanghai nickel futures brief review

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news