SMM7, March 1:

[July 01 stainless Steel Daily Review in Wuxi area] Today, the spot price of stainless steel in Wuxi area is generally flat, with 304 cold rolling at 13,300 RMB13,500 yuan per ton and hot rolling newspaper range at 12850 RMB12,950 yuan per ton.

Traders generally reflect that due to the influence of the traditional off-season, the current trading atmosphere in the stainless steel market is general. Qingshan Steel works this week opened the August futures price, the futures order is not active, at the beginning of the month, traders hold a wait-and-see mentality.

Today, SHFE 10: 30 SS2008 contract price 13115 yuan / ton, Wuxi stainless steel spot water 355mur555 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

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