After a week of skyrocketing, today "profit callback stainless steel"!

August 11th

On August 11th Foshan market news, in the morning according to Tsingshan 304 Stainless Steel guide price of the September futures price, 304 Stainless steel strip price 14700 Yuan/ton, 304 Stainless Steel wide tube price 14900 Yuan/ton, both compare to yesterday rise up 200 Yuan/ton.

However, the futures market is not cooperating today.

According to Reuters, the sources said, if the alleged market trading volume is too large, may improve the steel futures contract margin. Black the futures tumbled, iron was down 5.2% at midday, threaded steel 3.5%, and the hot rolled fall down 2.9%.

In the afternoon, the black line decline has not changed, the Lun Ni plate fell 200, rose one week's stainless steel market, at this time began to appear "profit callback"

It is understood that in the case of spot market flow, Tising 304 Stainless steel strip excluding high price 13800 Yuan/ton in the morning. With the expansion of green area on the plate, the profit appears to be thrown down.

But the 304 Stainless Steel cold rolled, in the morning, private cold rolled mainstream price 15700-15800 Yuan/ton, a lot of agents high price 16000 Yuan/ton. Such as the high price of 2.95 thickness, but the afternoon price also appears to be diving, the transaction price start to close to 15500 Yuan/ton, the thin material mainstream transaction start to focus on 15400-15500 Yuan/ton, some of the price is 15300 Yuan/ton.

Keyword: stainless steel market, stainless steel hot rolled strip, stainless steel price.