Stainless Steel Market Trends in Wuxi
Today, the spot price was stable, but the market transaction was further weakened. Traders often have negative feedback that the current market demand has not been fully opened.
Although the disk of stainless steel futures rose within the day, the spot price is still in a depressed state. Today, the 304 cold rolling low price in the market can be seen at 16000 yuan / ton.
201 the transaction is also light, but at present, the steel market has a strong willingness to support the price, and the price is temporarily stable.
Stainless Steel Market Trends in Foshan
This morning, after several fluctuations, the spot price of 304 hot-rolled narrow-band Qingshan agent was finally reduced by 100, and the market fell by 50-100, while the large board resources continued to fall by 100-200. Hot rolling was more volatile.
In the cold rolling market, the price was higher in the morning, and 16000 in the market was relatively small, but in the later stage, with the tremor of the hot rolling market and the quiet transaction, the inquiry was cold, and some of them also began to look at the reduction of specifications by 50-100 to promote the transaction in order to ship.
With the fluctuation, 16000 thick plate bases became more and more, and the overall market still had a strong desire to ship.
201 on the one hand, hot rolling is mostly flat, while cold rolling is down 50-100 from the high level, and the market quotation and transaction are weak; 430 is mostly flat and wait-and-see.
