Home / Metal News / Nickel / [SMM spot information] both hot and cold rolling of stainless steel spot in Wuxi have increased the price of futures contracts.
[SMM spot information] both hot and cold rolling of stainless steel spot in Wuxi have increased the price of futures contracts.
Jul 27,2020 11:54CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 27:

Today, due to the stimulation of the sharp rise in nickel price and stainless steel futures contract price, the spot price of stainless steel in Wuxi area was both cold and hot rolled. The range of cold rolling coiling price was 13600-13800 yuan / ton, the average price was increased by 50 yuan / ton, the hot rolling price was 13100-13200 yuan / ton, and the average price was increased by 50 yuan / ton.

According to traders, the price of 304 stainless steel cold rolling is generally raised today, on the one hand, due to the stimulation of rising prices, on the other hand, replenishment is carried out today after two days of the weekend, the transaction is better, and the price is stronger. However, the trading performance of hot rolling is weak, and the price increase is mainly due to the promotion of nickel prices in stainless steel futures prices. Today, the stainless steel futures contract opened stronger, breaking through the 13900 yuan / ton line, which is higher than the spot price.

Today, SHFE10 point 30 SS2009 contract price 13880 yuan / ton, Wuxi stainless steel spot water-110-90 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

 

For more information, please subscribe to SMM Nickel Research Group products "China Ni-Cr stainless Steel Industry chain routine report" and "China Ni-Cr stainless Steel Industry chain High-end report" to get the latest data analysis and market analysis of nickel ore, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochrome and stainless steel (China + Indonesia). For order and trial, please call 021-5166 6817 QQ: 2880505562, contact: Li Chuntian]

     
 (上海有 色 网  李春田 TEL:021-5166 6817 QQ :2880505562)

2020 China Ni-Cr stainless Steel Industry Market and Application Development Forum

Scan the QR code, apply for participation or join the SMM metal exchange group

Spot information
stainless steel
trend forecast
SMM brief review
daily review
Wuxi area

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news