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[SMM spot Information] the SS contract weakens, the spot price of stainless steel stabilizes and the spot spread widens.
Jul 23,2020 11:59CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 23:

[July 23 stainless Steel Daily Review in Wuxi area] Today, spot prices of stainless steel in Wuxi area are generally stable. The price range of 304 cold rolling coil is 13500 won 13700 yuan / ton, and that of 304 hot rolling 13000m2 13100 yuan / ton. The price is the same as yesterday.

This week stainless steel spot market price trend is stable, the transaction atmosphere is OK, the demand performance is more stable. Futures contract prices strengthened for three days in a row, today fell back, but the spot market price performance is more stable, so the spot price spread is wider than yesterday.

Today, SHFE10 point 30 SS2009 contract price is 13380 yuan / ton, Wuxi stainless steel spot water 290tel 490 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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