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[SMM spot information] the spot price spread of stainless steel spot price in Wuxi widens to 300 yuan / ton.
Jul 16,2020 11:56CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 16:

[stainless Steel Daily Review of Wuxi area on July 16] Today, the price of stainless steel cold rolling in Wuxi area is generally flat, with the coiling price range of 13550 RMB13750 / ton, and some traders in 304 hot rolling have a high price callback, which today quoted 13000 RMB13100 / ton, with the average price slightly reduced by 50 yuan / ton, which is within the normal price adjustment range.

The performance of the stainless steel market is general, the market trading is light, the price is mainly flat, and some merchants adjust the price slightly according to their own inventory and shipping willingness due to the reduction of futures prices.

Today, the stainless steel futures contract is still at a slight discount to the spot price, SHFE10 point 30 SS2009 contract price 13440 yuan / ton, Wuxi stainless steel spot price 280mur480 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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