[SMM Stainless Steel Daily Review: SS Futures Stop Falling and Stabilize, Futures Influence Dominates Weak Spot Stainless Steel Trading] SMM October 15 - SS futures showed signs of stopping their decline and stabilizing. Today, the futures market generally trended downward, with SS futures probing further downward, at one point approaching 12,500 yuan/mt, hitting a low not seen in nearly three months. On the spot market side, influenced by the low futures prices, spot stainless steel trading remained sluggish today. Under the pressure to sell resulting from concentrated inverted pricing after the holiday, traders frequently offered discounts. Currently, the market is significantly influenced by futures, with a strong wait-and-see sentiment. As futures remain weak, spot prices are unlikely to achieve a significant rebound. Futures side, the most-traded contract 2511 weakened and probed lower. At 10:30 AM, SS2511 was quoted at 12,565 yuan/mt, holding steady compared to the previous trading day. In the Wuxi region, the spot premium/discount for 304/2B was in the range of 455-755 yuan/mt. In the spot market, the average price for cold-rolled 201/2B coil in Wuxi was reported at 8,050 yuan/mt; for cold-rolled mill edge 304/2B coil, the average price in Wuxi was 13,000 yuan/mt, and in Foshan it was 13,000 yuan/mt; for cold-rolled 316L/2B coil in the Wuxi region, the price was 25,300 yuan/mt, and in the Foshan region it was 25,300 yuan/mt; for hot-rolled 316L/NO.1 coil, the price in both locations was reported at 24,750 yuan/mt; for cold-rolled 430/2B coil, the price in both Wuxi and Foshan was 7,600 yuan/mt. During the National Day and Mid-Autumn Festival holidays, the domestic stainless steel market was generally on holiday, with shipments and inbound/outbound warehouse activities restricted...

[SMM Chrome Daily Review: Ferrochrome Market Remained Stable, Chrome Ore Trading Stayed Sluggish] October 15, 2025: The ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,400-8,600 yuan/mt (50% metal content) today, flat MoM from the previous trading day...

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning Expected to Remain Volatile] The domestic ore market in West Liaoning is generally stable. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, is 730-740 yuan/mt. Mines and beneficiation plants currently show a relatively strong reluctance to budge on prices, with a pronounced wait-and-see sentiment. Coupled with the recent weak performance of iron ore futures, buyers' bearish outlook on the market has increased, leading steel mills to adopt a cautious approach to pricing.

[SMM Tin Futures Review: SHFE Tin Continues to Fluctuate at Highs Amid Supply Constraints and Divergent Demand] On October 15, 2025, the most-traded SHFE tin contract (SN2511) showed a consolidating trend during the day session, closing at 281,710 yuan/mt in the afternoon, down 0.15% from the previous day. Overseas, LME tin closed up $210 at $35,500/mt, maintaining a sideways trend, indicating short-term adjustment pressure in the global tin market.

[SMM Coal and Coke Daily Brief] Supply side, coking enterprises are operating at the breakeven point, with production remaining stable for the time being. Most coking enterprises continue to maintain previous production restrictions, and coke shipments are smooth, with inventory fluctuating at lows. Demand side, hot metal output at steel mills has been fluctuating at highs recently, sustaining coke procurement demand. However, end-user finished products have shown significant inventory buildup, compressing steel mill profits. Coupled with environmental protection-driven production restrictions in the Tangshan area, restocking demand has seen limited release. Buyers are adopting a wait-and-see attitude toward further coke price hikes. In summary, short-term coke price hikes face resistance, and coke prices may remain stable for now.