[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 1, 2020

SMM4, January 1:

Today, Wuxi stainless steel quotation is generally stable, private 3042B rough edge volume price of 12200-12500 yuan / ton, 304 / NO. 1 five feet 1185012050 yuan / ton. The state-run 304 2B trimming volume is quoted at 13000-13400 yuan per ton.

Stainless steel prices fell sharply in March and are now in a lower position, with little volatility in the near future. Due to the impact of the epidemic, downstream demand has not yet improved significantly. Some traders said that the probability of April is similar to that of March, shipment is dominant, downstream is still on-demand procurement.

For 10:30 SHFE SS2006 contract price 12010 yuan / ton, Wuxi stainless steel spot water 360-660 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

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