Home / Metal News / 不锈钢 / [SMM May 27 stainless steel spot] Wuxi cold and hot rolling quotations are slightly reduced Foshan cold and hot rolling has a small spot small callback
[SMM May 27 stainless steel spot] Wuxi cold and hot rolling quotations are slightly reduced Foshan cold and hot rolling has a small spot small callback
May 27,2020 13:05CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 27:

Wuxi stainless steel: today, Wuxi stainless steel cold and hot rolling quotations are slightly reduced, 304x2B rough edge coiling price range 13400m2 13700 yuan / ton, 304. 1 13100m2 13200 yuan / ton; the average price is reduced by 50 yuan / ton. The volume price of 304x2B factory is 13900mur14100 yuan / ton, and the price is stable. Today, Qingshan Iron and Steel works updated the new price of cold and hot rolling in July at the same price as the last price, with 304ft cold rolling at 13100 yuan / ton, five feet at 13300 yuan / ton, and hot rolled board at 12800 yuan / ton. According to traders, the end of the month is approaching, the spot market transactions in general, individual merchants slightly reduced the price of shipments. Some merchants hold a weak attitude towards the demand in late June, and the futures prices of superimposed steel mills have also been reduced, and it is expected that stainless steel prices will be stable and weak in the later period. For 10:30 SHFE SS2007 contract price is 13175 yuan / ton, Wuxi stainless steel spot water is 395mur695 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

Foshan stainless steel: yesterday afternoon, some cold and hot rolling in the market had a small spot pullback of 50 yuan / ton shipments, although most of the market is not willing to adjust steel prices, but in the face of weak demand at the end of the month, some businessmen need capital turnover to choose a flexible way to close the deal. in the short term, it is expected that the overall stable and small increase in steel prices of various departments. Foshan area steel quotation, the state-owned 304Universe 2B trimming curling price than yesterday's average price held steady at 14,100lb 14,300 yuan / ton, private 304Universe 2B rough edge curl than yesterday's average price was unchanged at 13300ly13600 yuan / ton, 304 / NO. 1 five-foot quotation was slightly lower than yesterday's average price of 50 yuan / ton at 13000Mui 13200 yuan / ton, to 10:30 SHFE SS2007 contract selling price of 13175 yuan / ton, Foshan stainless steel spot water 295Kui 595 yuan / ton. (spot trimming = rough edge + 170).

2020 China Ni-Cr stainless Steel Industry Market and Application Development Forum

Scan the QR code, apply for participation or join the SMM metal exchange group

Stainless steel
nickel
steel
production capacity

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news