[SMM Analysis] Chinese Stainless Steel Futures Slip on Fed Overhang and Off-Season Drag, but Spot Holds Firm
SMM Weekly Stainless Steel Futures Review — week of June 22–26, 2026. Lingering Fed hawkishness and softening off-season fundamentals dragged the SHFE main contract down RMB 390/mt ($57/mt) this week, but firm producer pricing and a modest supply pullback kept the spot market relatively resilient.