On August 23, ss2410 closed at 13,730 yuan/ton, -40 yuan, with a turnover of 110,818 lots and a position of 125,033 lots.
201 Hot Rolled Stainless Steel Prices:
Last Friday, Qingshan Agent reported August-September resources: Dingxin J2-7,400 yuan/ton; J3-7,700 yuan/ton; J1-8,100 yuan/ton; J4-8,700 yuan/ton. Market quotations from other origins: Xinfeng J3, Jinhai J3, Zhongjin J5, Huale J3A, including tax, 7,300-7,380 yuan/ton. Beigang New Materials J5, Baosteel D4, Lianzhong J2, Yongda J3E, four or five feet, including tax, 7,300-7,350 yuan/ton. During the day, market traders’ quotations still tend to fall.
In the morning, the price of large plate resources fell significantly, such as Beigang New Material J5 material falling to 7,300 yuan/ton including tax. Dingxin J2 large plate also saw a good price of 7,350 yuan/ton. Affected by this, the prices of resources from other production areas were slightly adjusted to adapt to the market, so the relatively low-priced Yongda pipe material and Baosteel T4 material were at a low price of around 7,270 yuan/ton.
In the afternoon, the tax-inclusive quotation of the Guangxi narrow band remained at 7,300-7,350 yuan/ton, but the tax-exclusive price was weak, and some tentative orders of 6,780 yuan/ton were still suppressed. As of Saturday, the market trading atmosphere was general, and some merchants maintained a small discount waiting for orders. It is expected that the price of 201 will be weak and stable.
304 Hot Rolled Stainless Steel Prices:
Last Friday, Qingshan agent reported August-September resources: Dingxin 304 cold-rolled strip 13,100 yuan/ton, hot-rolled strip 13,200 yuan/ton; 30478 cold-rolled strip 12,600 yuan/ton. 304 hot-rolled large plate 13,330 yuan/ton, 30478 hot-rolled large plate 12,800 yuan/ton. Judging from the quotation, the market traders have relatively favorable prices, most of which are about 50 yuan/ton lower than the origin agent.
It can be seen that Xinfeng and Jinhai strips are waiting for transactions at a low of 12,700 yuan/ton including tax, while the agent quoted 12,750-12,780 yuan/ton. Some agents are negotiable during the transaction process. For large plates, Guangqing resources generally maintain a price of 13,300 yuan/ton including tax, Yongda and Delong resources have a preferential price of 13,250 yuan/ton, and some merchants have specification restrictions.
During the day, the market demand for purchases is limited, so it is only a single transaction. On Saturday, the market quotations were partially flat, and some wait-and-see quotations were not very active. It is expected that the price of 304 will fluctuate.