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[SMM May 28 stainless steel spot] the spot quotation of stainless steel in Wuxi is lowered again, the price of Foshan 300 series cold and hot rolled steel is adjusted back and shipped.
May 28,2020 12:52CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 28:

Wuxi stainless steel: today, the spot quotation of stainless steel in Wuxi has been lowered again, the quotation range of 304 Universe 2B rough edge curling price is 13400 won 13600 yuan / ton, the average price is reduced by 50 yuan / ton; 304. 1 quoted at 12950 won 13150 yuan / ton, the average price is 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)

Foshan stainless steel: at the end of the month, most of the 300 series cold and hot rolled overall steel prices are mainly for callback shipments. under the light demand and weak support, the merchants' price calls are significantly reduced, the wait-and-see mood of some terminals has increased, and flexible shipments are mainly negotiated at the end of the month. therefore, it is expected that steel prices will fall in the short term. In terms of quotation for various series of steel in Foshan area, the state-owned 304xx2b trimming coil price was steadily quoted at 14,100 yuan / ton compared with yesterday's average price, private 304max 2B rough edge roll was 50 yuan / ton lower than yesterday's average price at 13250 NO. 13550 yuan / ton, 304 / NO. 1 five-foot quotation was slightly lower than yesterday's average price at 12950ly13150 yuan / tonne, to 10:30 SHFE SS2007 contract selling price 13110 yuan / ton, Foshan stainless steel spot water 310 pieces 610 yuan / ton, the price was slightly lower than yesterday's average price at 12950MB 13150 yuan / ton, and the selling price of Foshan stainless steel spot water was 310 yuan / ton. (spot trimming = rough edge + 170).

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