Stainless Steel Electronic Disk May Contract Rebounds After Decline, Narrowly Rises to End Consecutive Drops [SMM Stainless Steel Spot Daily Review]

Published: Feb 19, 2025 16:52

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[SMM Stainless Steel Spot Daily Review: Stainless Steel Futures May Contract Rebounded After Decline, Narrowly Rose to End Consecutive Drops] On February 19, the stainless steel futures May contract rose slightly, and the spot price remained stable.

On February 19, stainless steel electronic disk May contract edged up slightly, ending the continuous downward trend. Spot prices remained stable. This week, the spot market was in a transitional period, with prices steady. Today, 304 cold-rolled in Wuxi was quoted at 12,950-13,350 yuan/mt, 304 HRC in Wuxi at 12,450-12,600 yuan/mt, 316L cold-rolled in Wuxi at 23,800-24,200 yuan/mt, 201J1 cold-rolled in Wuxi at 7,700-7,800 yuan/mt, and 430 cold-rolled in Wuxi at 7,300-7,450 yuan/mt. At 10:30 a.m., SHFE SS2505 contract price was 13,120 yuan/mt, with Wuxi stainless steel spot premiums at 75-425 yuan/mt. (Spot trimmed edge = mill edge + 170 yuan/mt).
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