[SMM spot Information] Daily Review of stainless Steel in Wuxi area on May 13, 2020

[May 13 Wuxi stainless Steel Daily Review] SMM May 13: today, Wuxi stainless steel market quotation steadily fell, 304x2B rough edge curling price range 13600lb 13900 yuan / ton, the average price was slightly reduced by 50 yuan / ton compared with yesterday; 304x2b factory trimming curling price was quoted at 13750tel 14050 yuan / ton, the price remained stable; 304/NO.1 quoted 13200Rue 13500 yuan / ton, slightly reduced by 50 yuan / ton.

This morning, Castle Peak Steel Plant announced a new price of 304hot rolled narrow strip, quoted at 12900 yuan / ton, July resources, 300 yuan / ton higher than the last price.

According to traders, steel mills in May this week orders have arrived one after another, but not a large number of concentrated to the market, the current market supply of goods is not much. Today, individual traders cut prices slightly mainly because the trading atmosphere is slightly light in recent days, price adjustment to test the market, in order to prevent the late arrival of a large number of goods after the price pressure is too great.

For 10:30 SHFE SS2007 contract price 13370 yuan / ton, Wuxi stainless steel spot water 400-700 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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