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[SMM July 15 stainless steel spot] the cold and hot rolling prices of stainless steel in Wuxi are quoted evenly and the quotations of all series stainless steel in Foshan maintain stable operation.
Jul 15,2020 13:17CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 15:

Wuxi stainless steel: today, the cold and hot rolling prices of stainless steel in Wuxi are all flat, 304 cold rolling is reported at 13550 won 13750 yuan / ton, 304 hot rolling today is reported at 13050 won 13150 yuan / ton. Recently, stainless steel trading is slightly calm, but merchants inventory is not high, supply and demand are both weak, the price trend is affected by futures contracts and nickel prices, today's quotation is stable, the actual transaction has a small profit adjustment room. Today, the stainless steel futures contract is still at a slight discount to the spot price, SHFE10 point 30 SS2009 contract price 13570 yuan / ton, Wuxi stainless steel spot price 150 Mel 350 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

Foshan stainless steel: today's stainless steel market quotations maintain stable operation compared with yesterday, most agents slightly increase 50 yuan / ton for better specifications, but the recent market demand for 300 series cold and hot rolling terminals has improved. Steel prices have gradually stabilized under the support of just need in the short term. Foshan area steel quotation, the state-owned 304Universe 2B trimming curling price than yesterday's average price at 14,250won 14450 yuan / ton, private 304Universe 2B rough edge curl than yesterday's average price stable at 13500 NO. 13700 yuan / ton, 304 / NO. 1 five-foot quotation is unchanged at 12950MIT 13150 yuan / ton, to 10:30 SHFE SS2008 contract selling price 13570 yuan / ton, Foshan stainless steel spot water 100,300 yuan / ton. (spot trimming = rough edge + 170).

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