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[spot information of SMM] the price of cold rolling in Wuxi is slightly reduced by 50 yuan per ton and the transaction is weak.
May 26,2020 13:45CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[May 26th Wuxi stainless Steel Daily Review] SMM May 26th: today, Wuxi stainless steel spot quotation is generally stable, of which Hongwang resources have individual traders slightly lower, 304thumb 2B rough edge coil price range 13500m2 13700 yuan / ton, the average price slightly reduced 50 yuan / ton; 304 / NO.1 13150Met 13250 yuan / ton; 3042B factory volume price 13900Fue 14100 / ton, the price remains stable.

According to market understanding, Qingshan Series Steel Plant has quoted a narrowband price in August, which is the same as that in July, at 12600 yuan / ton. In the past two days, the spot price of stainless steel in Wuxi is stable and weak. near the end of the month, some merchants give a small profit to the goods, but the deal is general.

For 10:30 SHFE SS2007 contract price 13275 yuan / ton, Wuxi stainless steel spot water 425mur625 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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