[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)
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