Home / Metal News / [SMM spot Information] the spot cold and hot rolling of stainless steel has been increased by 100yuan / ton futures discount back to around 150yuan / ton.

[SMM spot Information] the spot cold and hot rolling of stainless steel has been increased by 100yuan / ton futures discount back to around 150yuan / ton.

iconJul 14, 2020 12:20
Source:SMM

SMM7 March 14:

[stainless Steel Daily Review in Wuxi area on July 14] Today, spot cold and hot rolling prices of stainless steel in Wuxi area were raised slightly, 304 cold rolling reported 13550 won 13750 yuan / ton, both increased by 100 yuan / ton; 304 hot rolling today reported 13050 Muth13150 yuan / ton, both were 100 yuan higher than yesterday; and the cold rolling trimming price of large factories was 14000 yuan 14100 yuan / ton, both 50 yuan / ton higher.

Recently, due to the increase in the futures price of nickel and stainless steel, it has a certain stimulating effect on the spot price. Superimposed on the current stainless steel market, there is not much liquidity in the spot market, and there is a certain support for the price, so the spot price trend is strong at present.

Today, the stainless steel futures contract is still at a slight discount to the spot price, SHFE10 point 30 SS2009 contract price 13580 yuan / ton, Wuxi stainless steel spot price 140mur340 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

For more information, please subscribe to SMM Nickel Research Group products "China Ni-Cr stainless Steel Industry chain routine report" and "China Ni-Cr stainless Steel Industry chain High-end report" to get the latest data analysis and market analysis of nickel ore, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochrome and stainless steel (China + Indonesia). For order and trial, please call 021 tel 5166 6817 QQ: 2880 505562, contact: Li Chuntian]

     
 (上海有 色 网  李春田 TEL:021-5166 6817 QQ :2880505562)

2020 China Ni-Cr stainless Steel Industry Market and Application Development Forum

Scan the QR code, apply for participation or join the SMM metal exchange group

Spot information
stainless steel
trend forecast
SMM brief review
daily review
Shanghai nickel futures brief review

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news