[SMM spot information] both hot and cold rolling of stainless steel spot in Wuxi have increased the price of futures contracts.

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)

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