Today, stainless steel futures rebounded downward, and the 2011 contract closed down 15 yuan/ton to 15,275 yuan/ton. Today, the private 304/2B 2.0 four-foot trimming price of Wuxi spot market is 15,250 yuan/ton. The 2011 contract has a 25 yuan/ton premium over the spot market, and the basis is negative 25 yuan/ton.
Huaxia-steel is a leading carbon steel supplier based in China.
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