[SMM spot Information] Daily Review of stainless Steel in Wuxi area on May 15, 2020

[may 15, Wuxi stainless Steel Daily Review] SMM: today, Wuxi 304 cold rolling market quotation slightly reduced by 50 yuan / ton, 304 2B rough edge roll price quotation range 13500-13900 yuan / ton, 304 2B trimming roll price quoted 13800-14000 yuan / ton, the average price is the same; 304 / NO.1 quoted 13100-13300 yuan / ton, the average price decreased by 100 yuan / ton compared with yesterday.

In the past two days, the transaction is on the weak side, the stainless steel market quotation has been slightly downgraded. According to traders, cold rolling steel mills release less, the current decline is smaller than hot rolling. However, the overall market spot circulation supply is not many, part of the specifications are out of stock, the advance order has not yet been fully delivered.

For 10:30 SHFE SS2007 contract price 13315 yuan / ton, Wuxi stainless steel spot water 355-755 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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