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[SMM spot Information] Nickel price strength pushes stainless steel spot up slightly.
Jul 24,2020 14:32CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 24:

[stainless Steel Daily Review of Wuxi area on July 24] Today, the spot price of stainless steel in Wuxi area has been slightly increased. The coiling price range of 304 cold rolling is 13600 million yuan / ton, the average price is 50 yuan / ton, and the average price of 304 hot rolling is 13050 color 13150 yuan / ton. The average price is 50 yuan / ton higher than yesterday.

The overall price trend of stainless steel spot market is relatively stable this week, and today's price increase is mainly due to the sharp pull-up atmosphere of nickel prices last night, which has a positive sentiment on stainless steel, superimposed on the fact that there is not much spot liquidity in the market at present, and traders have a strong push-up mood. Stainless steel futures contract early pulled up slightly, probing into 13700 yuan / ton about you, the overall daytime shock at 13600 yuan / ton line, the current price difference narrowed.

Today, SHFE10 point 30 SS2009 contract price 13655 yuan / ton, Wuxi stainless steel spot water 115mur215 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

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