[SMM spot information] the spot quotation continues to decline, and the market atmosphere is weak.

Published: May 28, 2020 12:03

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SMM5 March 28:

[Wuxi stainless Steel Daily Review] Today, the spot quotation of stainless steel in Wuxi area was lowered again. The quotation range of 304x2B rough edge coil price was 13400 Mel 13600 yuan / ton, with an average price reduction of 50 yuan / ton. 304 / NO.1 quoted 12950 Mueller 13150 yuan / ton, and the average price was reduced by 100 yuan / ton.

According to the survey, recently, the downstream demand is weak, the transaction is weak, and the price reduction stimulates taking the goods. Some traders said that March was the recent peak of trading, and the trading volume in May was generally lower than that in April, and due to the weak attitude towards late demand in the seasonal off-season, it is expected that there will be a big improvement in subsequent transactions.

For 10:30 SHFE SS2007 contract price 13110 yuan / ton, Wuxi stainless steel spot water 460mur660 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

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