Spot stainless steel prices held stable [SMM Stainless Steel Spot Daily Review]

On May 7, according to SMM research, stainless steel prices held stable. Due to different arrivals, 200-series stainless steel price changes varied in different regions, but the overall price held stable. 300-series stainless steel supply and demand were balanced. With a well-matched supply of steel mills and terminal consumption, the price will fluctuate sideways in the short term. In the morning, the price of #304 cold-rolled steel in Wuxi was 14,050-14,350 yuan/ton, and that of #304 hot-rolled steel in Wuxi at 13,550-13,650 yuan/ton. #316L cold-rolled steel was offered at 24,500-25,400 yuan/ton in Wuxi. #201J1 cold-rolled steel was offered at 8,800-8,950 yuan/ton in Wuxi. #430 cold-rolled steel was offered at 8,050-8,150 yuan/ton in Wuxi. At 10:30, SHFE SS 2409 contract was 14,375 yuan/ton. Stainless steel spot premium was -155-145 yuan/ton in Wuxi. (Spot deburred edge = bur edge + 170 yuan/ton).