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[spot information of SMM] spot quotation for 304cold and hot rolling is stable and weak. Aoyama new offer price is down 300 yuan / ton.
May 22,2020 14:18CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[Wuxi stainless Steel Daily Review on May 22nd] SMM May 22: today, Wuxi stainless steel private cold and hot rolling quotation is slightly reduced, 304x2B rough edge coil price range 13500m2 13800 yuan / ton; the average price is reduced by 50 yuan / ton; 304 / NO.1 is quoted at 13200murf 13300 yuan / ton, the average price is reduced by 50 yuan / ton; 3042B big factory coil price is quoted at 1390014100 yuan / ton, the average price is reduced by 50 yuan / ton.

This week, the spot market turnover is weak, the price is stable and weak, according to traders, the overall poor downstream demand, the limited volume of goods also gives some support to the price.

Today, Qingshan Steel Plant released the new offer price for July. 304x2b quoted 13100 yuan / ton, 5ft quoted 13200 yuan / ton, and 304hot-rolled board quoted 12800 yuan / ton, all of which were 300 yuan / ton lower than the last offer price.

For 10:30 SHFE SS2007 contract price is 13225 yuan / ton, Wuxi stainless steel spot water is 445 RMB745 / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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