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[SMM spot information] the spot price of stainless steel remains stable as a whole, and the market performance is mediocre.
Jul 7,2020 11:55CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, March 7:

[stainless Steel Daily Review of Wuxi area on July 07] Today, some traders of 304 cold rolling in Wuxi area increased slightly, but the quotations generally remained stable. The average coiling price range of stainless steel 304 cold rolling was 13400 Mel 13600 yuan / ton, while 304 hot rolling was leveled today. the range is 12900 Mel 13000 yuan / ton.

Due to the heavy rain yesterday, the shipment was not smooth. Today, according to traders, the performance of the market is mediocre, and some of the price increases are also stimulated by the rise in nickel prices. And at present, the supply of some specifications has been supplemented, and the price of some specifications with good demand is relatively strong. This morning, the price of stainless steel futures contract rose, reaching the 13500 yuan / ton mark, and the current spread narrowed to less than 100 yuan / ton. Then, after 10:30, the price of the stainless steel futures contract gave up the increase and returned to around 13400 yuan / ton. SHFE10 point 30 SS2009 contract price 13525 yuan / ton, Wuxi stainless steel spot water 45mur245 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)


 

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