ASG 12, May 5:

Wuxi stainless steel: this morning Wuxi area quotation: state-owned 304 2B edge cutting volume price is 15000-15200 yuan / ton, private 304 2B rough edge roll price 14300-14500 yuan / ton. 304 / NO. 1 five feet at 13100-13200 yuan per ton. Market prices continued to come under pressure in the morning. Hongwang East China January 304 2B four-foot cold rolling futures guidance price down by 100 yuan / ton to 13600 yuan / ton. For 10:30 SHFE SS2002 contract selling price 13945 yuan / ton, Wuxi stainless steel spot water 525-725 yuan / ton. (spot edge cutting = rough edge + 170 yuan / ton).

Foshan stainless steel: this morning Foshan area quotation: state-owned 3042B cutting edge volume price 1525015450 yuan / ton, private 3042B rough edge roll price 14500-14700 yuan / ton. 304 / NO. 1 five feet at 13400-13700 yuan per ton. In the morning, the price of 300 series cold rolling quoted in Foshan market was slightly lower than yesterday's market price by 50 yuan / ton, and the overall drop in hot rolling price was 200-300 yuan / ton. Some traders said that the steel price fell obviously at the beginning of the month, and the low price transaction atmosphere was OK. In the later stage, it is still mainly to wait and see the changes in downstream demand. For 10:30 SHFE SS2002 contract selling price 13945 yuan / ton, Foshan stainless steel spot water 725-925 yuan / ton. (spot edge cutting = rough edge + 170 yuan / ton).