July 2 commentary: Hangzhou 304/2B stainless steel coil prices have no fluctuations for the time being

On July 2, 2012 (Monday), the price of stainless steel coils in Hangzhou was mostly stable. Affected by the demand, the market transactions were normal. Demand was the most important factor restricting the price increase of stainless steel coils in Hangzhou. According to domestic well-known spot trading platform - China Steel Spot Network" monitoring data, Hangzhou stainless steel coil quotation, TISCO 0.5*1219*C Hangzhou stainless steel coil quotation 19200, TISCO 1*1219*C Hangzhou stainless steel coil quotation 18600, TISCO 2*1219*C Hangzhou stainless steel coil offer 18200, are unchanged from yesterday's Hangzhou stainless steel coil prices.

Yesterday, the price of stainless steel coils in the country rose steadily. The macro reserve deposit reserve ratio is lowered by 0.5%, which will play a positive role in the market mentality. The shipping situation in the northern region has improved, the business mentality has improved, and some specifications have increased. In addition to individual declines in the southern region, most regions have stabilized, and the wait-and-see atmosphere is strong. Considering comprehensively, it is expected that the prices of stainless steel coils in Hangzhou will remain stable, and adjustments will be made in some regions.