[SMM spot Information] Daily Review of stainless Steel in Wuxi area on April 27, 2020

SMM4, 27 March:

[April 27, Wuxi stainless Steel Daily Review] SMM: today, Wuxi stainless steel cold and hot rolling prices are slightly lower, 304 cold rolling average price of 13050 yuan / ton, slightly lower than Friday price 50 yuan / ton, 304 hot rolling price 1260012900 yuan / ton, the average price down 50 yuan / ton compared with last Friday. 201430 prices were flat today, with an average price of 7100 yuan / tonne and an average price of 7050 yuan / tonne.

By the end of the month, transactions weakened, cash flow and other pressure, 300 series stainless steel prices weakened slightly, some traders slightly reduced 50-100 yuan / ton shipment. The market has cold rolling base price quoted to 12600 yuan / ton, cold and hot rolling price difference narrowed to 200 yuan / ton, the price continues to hang upside down. At present, most of the downstream hold a wait-and-see attitude, and prices are expected to weaken steadily this week.

For 10:30 SHFE SS2006 contract price 12935 yuan / ton, Wuxi stainless steel spot water 35-535 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

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