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[SMM spot information] stainless steel spot quotation is stable and the market performance is weak.
Jul 17,2020 11:33CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 17:

[July 17 Wuxi stainless Steel Daily Review] Today, the spot price of stainless steel in Wuxi is mainly flat, and the price of cold rolling has been slightly reduced by 50 yuan / ton by individual traders. The coiling price range is 13,500, 13700 yuan / ton, and 304 hot rolling is 13000, 13000, 13100 yuan / ton, which is the same as yesterday's offer.

The spot market of stainless steel continues the state of low supply and weak transaction, and the price is running steadily this week. According to traders, at present, the supply of cold-rolled sheet below 1.0mm is tight, the quotation is higher than the average level of the market, the hot rolling is in normal condition, and the overall transaction in the market is weak.

Today, SHFE10 point 30 SS2009 contract price is 13465 yuan / ton, Wuxi stainless steel spot water 205mi 405 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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