Your current location: Home > Steel BlogSteel Blog
Daily review of stainless steel plates and coils
Source:Xinsteel Date:2020/6/4
Wuxi market: The 300 series spot prices in Wuxi market stabilized today. The market rose in the past two days, and the transaction has improved. But due to the demand side is not strong, the market is difficult to continue, and today the market transaction is down. Although price of 201 stainless steel plate of Qingshan rising the day before yesterday, and the market has also followed the upward trend, but the transaction is not very good, and some transaction prices have decreased. Yesterday, TISCO 's daily guidance price was raised by 50 yuan/ton, and the spot price also followed. The mainstream quotations of 430 of TISCO and JISCO in Wuxi market were reported to 7,050 yuan/ton today, but the transaction was not brought up.
Foshan market: mainstream quotations in the Foshan market are stable today. Following yesterday’s change in the stainless steel spot market, some of the supply has been sold at a fair price. Today’s market inquiry and transactions have picked up. A small amount of transactions and a good trading atmosphere. Nickel prices are strong, the spot market has opened higher and lowered, and there has been a small correction of 50-100yuan/ton in the afternoon to promote transactions. Relief of the stock pressure and the recovery of domestic production may promote the continued increase in stainless steel output in June, but downstream demand is still picking up, and the mainstream market reflects that stainless steel prices will fluctuate in the short term
