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[SMM spot information] the spot quotation of Wuxi stainless steel continues to weaken, and the transaction is weak near the end of the month.
May 29,2020 12:48CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 29: today, Wuxi stainless steel spot quotation continued to weaken down, 304 Universe 2B rough edge coil price range 13300 Mel 13600 yuan / ton, the average price was reduced by 50 yuan / ton; 304. 1 quoted at 12900Muth13100 yuan / ton, the average price was reduced by 50 yuan / ton. The price of stainless steel in Wuxi area has been lowered by 50 yuan / ton, and the average price has been reduced by 50 yuan / ton. The recent transaction is weak, and near the end of the month, hot and cold rolling prices continue to decline. At present, the price of cold rolling in the spot market is generally quoted at the base price of 13000 yuan / tonne. Some traders said that if trading in electronic disk, there can be a reduction in price to give a profit, and there is still a deal of 12900 yuan per ton. With regard to the current transaction form, some operators said that there may still be a trend of decline in transaction volume in June. For 10:30 SHFE SS2007 contract price is 13010 yuan / ton, Wuxi stainless steel spot water is 460 RMB760 / ton. (spot trimming = rough edge + 170 yuan / ton)

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