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[SMM spot information] stainless steel quotation in Wuxi area is stable and the supply of stainless steel in circulation is on the low side.
Jul 10,2020 11:30CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 10:

[daily Review of stainless Steel in Wuxi area on July 10] Today, the price of cold and hot rolling of stainless steel in Wuxi area is generally flat, with 304 cold rolling reporting 13450 million yuan per ton and 304 hot rolling reporting 12900 million yuan per ton.

At present, the arrival volume of steel mills in Wuxi market is limited, and the supply of cold and hot rolling circulation is on the low side, so the spot price is still strong when the demand is weak. Today's transaction is general, the price is generally quoted flat for shipment.

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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