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[SMM July 8 stainless steel spot] Wuxi 304 cold rolling slightly increased by 50 yuan / ton Foshan overall terminal transaction performance is good in the short term.
Jul 8,2020 11:22CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, March 8:

Wuxi stainless steel: today, the average coiling price of 304 cold rolling in Wuxi is slightly increased by 50 yuan / ton, and the average coiling price range of 304 cold rolling is 13450, 13650 yuan / ton; 304 hot rolling is 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)

Foshan stainless steel: today, Foshan Zhangpu 304 cold-rolled trimmed edge coil is slightly up 50, and the overall terminal transaction performance is optimistic in the short term. In addition, although other individual steel products have homeopathic adjustments, they are not willing to accept the rising steel prices downstream. Most traders choose to negotiate to make a deal. Foshan area steel quotation, the state-owned 304Universe 2B trimming curling price increased by 50 yuan / ton compared to yesterday's average price at 14,150 Merle 14350 yuan / ton, private 304Universe 2B rough edge roll than yesterday's average price stable at 13400 NO. 13600 yuan / ton, 304 / NO. 1 five-foot quotation than yesterday's average price held stable at 12850 SHFE SS2008 13050 yuan / ton, to 10:30 SHFE SS2008 contract selling price 13435 yuan / ton, Foshan stainless steel spot water 135ml 335 yuan / ton. (spot trimming = rough edge + 170).

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