SMM7, March 8:
[July 08 Wuxi stainless Steel Daily Review] Today, Wuxi 304 cold rolling slightly increased by 50 yuan / ton, the average coiling price range of 304 cold rolling was 13450 13650 yuan / ton, and 304 hot rolling was leveled today, with a range of 12900Muth13000 yuan / ton. At present, the market turnover is general, the price increase is less related to the improvement of demand transaction, mainly due to the rise in nickel price and stainless steel futures contract price, the spot sentiment is affected, slightly pull up to test the market.
Today, SHFE 10: 30 SS2009 contract price 13435 yuan / ton, Wuxi stainless steel spot water 185mur385 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)
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