On October 28, 2024, the Foshan market in Guangdong, China, experienced a lively price increase on Saturday, and the stainless steel market continued to “continue to increase prices” on Monday. The opening of the price increase always comes very early. Just over 10 minutes after 8:30, the news of the “Qingshan 304 price increase of 100CNY” came:
Cold Rolled 304L/304 Stainless Steel Coil
304 Cold-Rolled: up 100 CNY
1. Yongjin Yongjin futures guidance price 304 Shangke four-foot base price 13600304 Yongjin four-foot base price 13800 reported quantity pending approval!
2. Hongwang/Yongwang, Ruipu
Today, Hongwang, Yongwang, and Ruipu futures guidance price 13600 above the price is 100 yuan/ton higher than the previous 304 price.
304 Hot-Rolled: up 100 CNY
Plate: today’s 304 hot-rolled coil futures guidance price is 13300 yuan/ton,
Strip: today’s 304 hot-rolled narrow strip guidance price is 13300 yuan/ton, the reported quantity is pending approval.
The above prices are all up to 100 yuan/ton from the previous 304 price.
At the same time, we can see that Delong merchants in the market accept orders at a discount of 20 (13480 basis points) based on the steel mill’s quotation, while the spot price is slightly inferior, quoted at 13400-13450 basis points. Qingshan agents uniformly quote according to the quotation. In addition, the lowest warehouse receipt quotation can be seen at 13260 basis points for self-collection.
