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[SMM May 25 stainless steel spot] spot quotation of stainless steel in Wuxi generally stabilizes the spot price of 200 series and 300 series cold rolling in Foshan.
May 25,2020 12:05CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 25:

Wuxi stainless steel: today, the spot quotation of stainless steel in Wuxi is generally stable, with individual traders 304 hot rolling slightly reduced by 50 yuan / ton, the quotation range is: 304bp 2B rough edge crimping price range 13500 Mel 13800 yuan / ton; 304. 1 quoted 13150Mue 13250 yuan / ton, the average price is reduced by 50 yuan / ton; 3042B big factory coil price quoted 1390014100 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 move. 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)

Foshan stainless steel: the spot resource quotation of 200 series and 300 series cold rolling in Foshan area fell slightly by 50 RMB100 / ton on Monday morning. At the end of the month, the pressure of most merchants going to the warehouse increased, and the demand for goods downstream was weak, but the spot resource quotation was subject to the upright price of raw materials, and steel prices did not fall sharply, and steel prices fell steadily at the beginning of the week. Foshan area steel quotation, the state-owned 304amp 2B trimming crimping price than the average price last Friday held steady at 14,100,14,400 yuan / ton, private 304Universe 2B rough edge curl than the average price last Friday reduced by 100yuan / ton in 13500 NO. 13700 yuan / ton, 304 / NO. 1 five-foot quotation than last Friday offer stable at 13,100Mel13300 yuan / ton, to 10:30 SHFE SS2007 contract selling price of 13275 yuan / ton, Foshan stainless steel spot water 395 color 595 yuan / ton. (spot trimming = rough edge + 170).

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