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[SMM spot Information] stainless steel futures contracts pull up the spot performance relatively stable
Jul 6,2020 12:15CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, June 6:

[daily Review of stainless Steel in Wuxi area on July 06] Today, the cold and hot rolling of stainless steel 304 in Wuxi increased slightly, with the rough edge coiling price of 304 hot rolling quoted at 13400 won 13600 yuan per ton and hot rolling reported at 12900 million yuan 13000 yuan per ton. Dachang trimmed 304 cold rolling slightly increased by 50 yuan / ton to 1390014000 yuan / ton.

Today, the heavy rain in Wuxi has a certain impact on the shipment and arrival transportation of stainless steel.

However, according to traders, since last week, the trading situation of stainless steel has improved slightly compared with June. On the one hand, the rise in futures contract prices has had a certain stimulating effect, on the other hand, because there is some procurement demand in the lower reaches at the beginning of the month, and there are new sources of goods in the market, specifications have been supplemented, and transactions have improved.

Today, SHFE 10: 30 SS2009 contract price 13290 yuan / ton, Wuxi stainless steel spot water 280mur480 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)


 

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