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[SMM May 26 stainless steel spot] Wuxi stainless steel spot quotation is generally stable and the transaction performance in the lower reaches of Foshan is gradually weak.
May 26,2020 14:25CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 26:

Wuxi stainless steel: today, the spot quotation of stainless steel in Wuxi is generally stable, of which Hongwang resources has individual traders slightly reduced, 304x2B rough edge coil price range 13500m2 13700 yuan / ton, the average price slightly reduced 50 yuan / ton; 304. 1 reported 13150mur13250 yuan / ton; 304MB 2B factory volume price 1390014100 yuan / ton, the price is 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)

Foshan stainless steel: there are few spot resources for some individual models, although there is support for the steady operation of steel prices, but most of the downstream transaction performance is gradually weak, the high standing price is less than expected, and there are many bargaining prices at the end of the month. Among them, 300 series cold and hot rolling spot quotations showed a small correction as a whole, and most traders still give priority to profits. In terms of the quotation of various series of steel in Foshan, the state-owned 304xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx, the state 304 (spot trimming = rough edge + 170).

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