The spot price of stainless steel fell on the 23rd. Wuxi market: 304 cold-rolled Tisco quoted 16,300 yuan(2,433USD)/ton , down 250 yuan (37USD)/ton compared to the previous trading day; Hongwang Resources quoted 15,700 yuan(2,343USD)/ton, down 50 yuan (7.5USD)/ton compared to the previous trading day; 304 hot-rolled at 15,600 yuan(2,328USD) per ton, stable compared with the previous trading day. 200 series: many traders continue to hold steady under the price-fixing strategy today. At present, J14-foot cold-rolled resources in SIFO mainstream, reported to Burr 8,900-9,200 yuan (1,328USD-1,373USD)per ton, J2J5 resources to the gross margin 8,650-8,750 yuan (1,291USD-1,306USD)per ton, the main circulation of J2J5 resources around the gross base 8,700 yuan(1,299 USD) per ton. Overall, today, the market prices continue to decline, inquiry atmosphere is not significantly better, weak demand downstream, short-term spot prices continue to dominate.
Post time: Aug-24-2022