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[SMM spot Information] Today, spot quotations of stainless steel in Wuxi are generally stable.
May 25,2020 12:02CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

[Wuxi stainless Steel Daily Review on May 25] SMM May 25: today, Wuxi stainless steel spot quotation is generally stable, there are individual traders 304 hot rolling slightly reduced 50 yuan / ton, the quotation range is: 3042B rough edge coil price range 13500Mue 13800 yuan / ton; 304 / NO.1 13150Met 13250 yuan / ton, the average price is reduced by 50 yuan / ton; 3042B factory volume price quoted 13900Fel 14100 yuan / ton price stable. Last Friday, Castle Peak Steel released a new offer price for July, which was cut by 300 yuan / ton for both hot and cold rolling, but the spot market price is relatively stable and there is no big fluctuation. Some traders reflected that the market spot resources did not concentrate a large number of arrival, the trend is relatively stable, but the follow-up price changes depend on the downstream demand.

For 10:30 SHFE SS2007 contract price is 13275 yuan / ton, Wuxi stainless steel spot water is 395mur695 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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