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[SMM spot Information] Nickel prices pull up stainless steel spot quotations are stable.
May 21,2020 13:38CST
The content below was translated by Tencent automatically for reference.

[Wuxi stainless Steel Daily Review on May 21]

SMM5 March 21: today, Wuxi stainless steel private cold and hot rolling quotation is stable, 304amp 2B rough edge coiling price range 13600mur13800 yuan / ton; 304 / NO.1 13250mur13350 yuan / ton; 304gamble 2B factory coil price 14000Mel 14100 yuan / ton, the average price is slightly increased by 50 yuan / ton.

Although the price of nickel futures contract rose sharply today, the price volatility of the main contract of stainless steel futures was small and did not keep up with the upward trend. And the spot market transaction atmosphere is light, the price is stable, but the actual transaction may be reduced to make a profit. The industry said that the overall performance of stainless steel was poor this week.

For 10:30 SHFE SS2007 contract price is 13450 yuan / ton, Wuxi stainless steel spot water is 320Rue 520 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)



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