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[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.
Jul 14,2020 12:20CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

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)

 

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