China High-carbon ferrochrome output in October and forecast for November

[SMM Stainless Steel Daily Report] SS Futures Decline Consecutively; Spot Stainless Steel Traders Sell Actively at a Discount to Boost Shipments According to SMM on June 24, SS futures continued to trend lower and weaken. Nonferrous metals futures extended their decline, with SS moving down in tandem. Near the close, news emerged that Indonesia might raise its RKAB nickel ore quota, causing SHFE nickel and SS to pull back further. As of the close, the most-traded SS futures contract settled at 14,720 yuan/mt. In the spot market, affected by the consecutive decline in SS futures, market sentiment was generally weak. To reduce their own inventories, spot traders had a strong willingness to sell, and selling at a discount became more frequent. Stainless steel spot quotes declined accordingly, but the sluggish trading remained hard to change. For the most-traded SS futures contract, at 10:15 a.m., SS2608 was quoted at 14,740 yuan/mt, down 190 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the range of 330-830 yuan/mt. In the spot market, cold-rolled 201/2B coil average price in Wuxi remained unchanged; for cold-rolled 304/2B coil with rough edges, the average price in Wuxi fell by 50 yuan/mt and in Foshan by 25 yuan/mt; the price of cold-rolled 316L/2B coil in Wuxi dropped by 100 yuan/mt; hot-rolled 316L/NO.1 coil in Wuxi was quoted unchanged; cold-rolled 430/2B coils in both Wuxi and Foshan fell by 50 yuan/mt. This week, stainless steel futures and spot prices experienced wild swings, as macro expectations outside China repeatedly disturbed the futures, intensifying the tug-of-war between longs and shorts in the market. Overall, the futures trend was dominated by macro factors, trading fluctuated with sentiment, and supply...

러총 HRC 재고는 총 937,700톤으로, 전주 대비 4,100톤 감소(0.44% 감소)했으며, 양력 및 음력 전년 동기 대비 각각 40.63%, 42.57% 증가했다.