Today, Dalian iron ore futures pulled back from highs and traded in the doldrums throughout the day. The most-traded contract I2509 eventually closed at 731, with a daily decline of 0.68%. Traders sold goods according to market conditions. Steel mills adopted a wait-and-see attitude cautiously, with weak purchase willingness. The market transaction atmosphere was average.

[SMM Steel Mill Guidance Price] Guidance prices for various stainless steel series from large domestic steel mills on July 7

[SMM Rebar Daily Review: "Anti-cut-throat competition" news impact fades, construction steel prices face short-term pressure amid doldrums in futures market] Today, the futures market was in the doldrums, closing at 3061, down 0.68% from the previous trading day. In the spot market, most quotes dropped slightly, with declines ranging from 10 to 40 yuan/mt, and trading activity was sluggish throughout the day.

[SMM Stainless Steel Daily Review: Tug-of-War Between Longs and Shorts in the Market, Stainless Steel Spot Prices Remain Stagnant] SMM reported on July 7 that the SS futures market showed a downward and pullback trend today, with the low point once again dipping below the 12,600 yuan/mt threshold. In the spot market, the situation largely mirrored that of the previous week, with no significant fluctuations in spot prices. However, amid the futures market's jump initially and then pull back, market acceptance of high prices further diminished. To facilitate transactions, traders occasionally offered discounted cargoes at lower prices. Currently, in the off-season for consumption, with prices at a low level, the market remains in a stalemate. Despite steel mills initiating production cuts due to losses, it will still take time to digest the previous market inventory. In the futures market, the most-traded contract 2508 experienced a downward and pullback trend. At 10:30 a.m., SS2508 was quoted at 12,695 yuan/mt, down 55 yuan/mt from the previous trading day. In the Wuxi region, the premiums and discounts for 304/2B spot stainless steel ranged from 125-275 yuan/mt. In the spot market, cold-rolled 201/2B coils were quoted at 7,600 yuan/mt in both Wuxi and Foshan; cold-rolled 304/2B coils with mill edges had an average price of 12,725 yuan/mt in Wuxi and the same in Foshan; cold-rolled 316L/2B coils were priced at 23,600 yuan/mt in Wuxi and the same in Foshan; hot-rolled 316L/NO.1 coils were quoted at 22,900 yuan/mt in both regions; and cold-rolled 430/2B coils were priced at 7,100 yuan/mt in both Wuxi and Foshan. Currently, despite a decline in stainless steel social inventory and a partial recovery in market confidence compared to the previous period, transactions remain sluggish...

[Domestic iron ore market brief: Prices of iron ore concentrates in Shandong may have some upside potential] This week, the price of 64% grade alkaline iron ore concentrates (dry basis, pre-tax, acceptance payment) from mines and beneficiation plants in Shandong was reported at 786, up by 9. Steel mills also raised their prices accordingly. Most mines are operating normally, with a few undergoing maintenance, which has had no significant impact on the overall supply. Although steel mills are still maintaining low inventory levels,