On January 23, stainless steel electronic trading remained stable, and spot prices followed suit. The market is currently in the closing phase, with most participants, except for a few combining futures and spot trading and state-owned enterprises, having started the spring holiday. Social inventory, except for the 400-series, experienced a slight inventory buildup due to pre-holiday arrivals and weak off-season demand. A stainless steel mill in North China is expected to resume 200-series production in March. 304 cold-rolled stainless steel in Wuxi was quoted at 13,000-13,300 yuan/mt, while 304 HRC in Wuxi was quoted at 12,400-12,600 yuan/mt. 316L cold-rolled stainless steel in Wuxi was quoted at 23,600-23,800 yuan/mt. 201J1 cold-rolled stainless steel in Wuxi was quoted at 7,600-7,750 yuan/mt. 430 cold-rolled stainless steel in Wuxi was quoted at 7,150-7,450 yuan/mt. At 10:30 a.m., the SHFE SS2503 contract price was 13,050 yuan/mt, with Wuxi stainless steel spot premiums at 120-420 yuan/mt. (Spot trimmed edge = mill edge + 170 yuan/mt).
![[속보 | 칠레 광업생산지수, 7월 전년 대비 7.2% 하락… 금속광업 10.7% 감소]](https://imgqn.smm.cn/usercenter/bFzkj20251217171724.jpg)
![[SMM 스테인리스 일일 리뷰] SHFE 니켈 상승에 힘입은 SS 선물 반등 실패, 스테인리스 현물 거래 여전히 부진](https://imgqn.smm.cn/usercenter/VhIgs20251217171719.jpg)
