SMM7 March 15:
[daily Review of stainless Steel in Wuxi area on July 15] Today, the cold and hot rolling prices of stainless steel in Wuxi area were all flat, with 304 cold rolling at 13550 Mel 13750 yuan / ton, and 304 hot rolling today at 13050 Mel 13150 yuan / ton.
Recently, stainless steel trading is slightly calm, but merchants inventory is not high, supply and demand are both weak, the price trend is affected by futures contracts and nickel prices, today's quotation is stable, the actual transaction has a small profit adjustment room.
Today, the stainless steel futures contract is still at a slight discount to the spot price, SHFE10 point 30 SS2009 contract price 13570 yuan / ton, Wuxi stainless steel spot price 150 Mel 350 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 tel 5166 6817 QQ: 2880 505562, contact: Li Chuntian]
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