Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / The SS contract fell by 1.84% [SMM Stainless Steel Futures Daily Review]

The SS contract fell by 1.84% [SMM Stainless Steel Futures Daily Review]

May 8, 2024 17:57

Source:SMM

On May 8, SS 2409 contract closed at 14,105 yuan/ton, down 155 yuan/ton from the previous trading day.

On May 8, SS 2409 contract closed at 14,105 yuan/ton, down 155 yuan/ton from the previous trading day. Trading volume was 211,458 lots, an increase of 21,699 lots from the previous trading day, and open interest was 150,478 lots, an increase of 6,344 lots from the previous trading day. The most-traded SS contract fluctuated downwards after opening, and then fluctuated at a relatively stable range, with a final decrease of 1.84%.

Market review

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

The China Association of Automobile Manufacturers pointed out that the current downward pressure on the Chinese economy continues to increase.

May 12, 2023 13:06

Industry

Argentina Aims To Become One Of The World's Top Ten Copper Producers By 2030, Its Investor-Friendly Stance Has Attracted Global Players Such As Glencore And Lundin Mining

Argentina aims to become one of the top 10 copper producer in the world by 2030, and its investor-friendly stance has attracted global players such as Glencore and Lundin Mining to its north mountains.

May 9, 2023 15:46

Industry

Argentina Aims To Become One Of The World's Top Ten Copper Producers By 2030, Its Investor-Friendly Stance Has Attracted Global Players Such As Glencore And Lundin Mining

Chongqing To Implement Differential And Tiered Electricity Prices In Steel, Aluminium And Other Highly-Polluting And Energy-Intensive Industries

Chongqing issued a document on pushing for the elimination of outdated capacity in 2023.

May 8, 2023 11:35

Industry

Chongqing To Implement Differential And Tiered Electricity Prices In Steel, Aluminium And Other Highly-Polluting And Energy-Intensive Industries

5-year US Treasury Yield Falls to Lowest in Year, Market Bets on Fed Rate Cut

The 5-year US Treasury yield crashed to its lowest level since August as traders increased their bets on a Fed rate cut in the second half of the year.

May 5, 2023 13:15

Industry

5-year US Treasury Yield Falls to Lowest in Year, Market Bets on Fed Rate Cut

Russia Will Reduce Oil Production At The Federal Level Until The End Of 2023, With Pipeline Oil Exports To The EU Down More Than Two-Thirds

According to CCTV news reports, on May 4 local time, Russian Deputy Prime Minister Novak stated that Russia will reduce oil production at the federal level until the end of 2023.

May 5, 2023 10:43

Industry

Russia Will Reduce Oil Production At The Federal Level Until The End Of 2023, With Pipeline Oil Exports To The EU Down More Than Two-Thirds

SMM Daily Aluminium Market Comment and Forecast

SHANGHAI, May 5 (SMM) - At Thursday’s night session, the most-traded SHFE 2306 aluminium contract opened at 18,410 yuan/mt, with the highest and lowest prices at 18,410 yuan/mt and 18,250 yuan/mt before closing at 18,330 yuan/mt, down 115 yuan/mt or 0.62%.

May 5, 2023 10:20

Industry

SMM Daily Aluminium Market Comment and Forecast

JPMorgan Chase and Wells Fargo Took a Hit by Increasing Woes over Financial Risks, Copper Prices to be Weighed on

LME copper prices closed at $8,535/mt last evening, up 0.54%. Trading volume was 19,000 lots and open interest stood at 256,000 lots. The most active SHFE 2306 copper contract finished at 66,540 yuan/mt overnight, down 0.67%. Trading volume was 51,000 lots, and open interest stood at 182,000 lots.

May 5, 2023 09:55

Industry SMM Insight SMM Comments

JPMorgan Chase and Wells Fargo Took a Hit by Increasing Woes over Financial Risks, Copper Prices to be Weighed on

SMM Weekly Updates On China Aluminium Ingot And Billet Social Inventories As Of May 4

SHANGHAI, May 4 (SMM) – Aluminium ingots: The aluminium ingot social inventories across China’s eight major markets stood at 835,000 mt as of May 4, down 18,000 mt from a week ago and 197,000 mt from the same period last year.

May 4, 2023 17:56

Industry

SMM Weekly Updates On China Aluminium Ingot And Billet Social Inventories As Of May 4

White House Warns Debt Default Could Severely Damage US Economy, Resulting in Millions of Job Losses

On the eve of President Joe Biden's discussion with congressional leaders on the debt ceiling next Tuesday, the White House warned that a debt default could seriously damage the US economy or lead to the loss of millions of jobs.

May 4, 2023 15:05

Industry

White House Warns Debt Default Could Severely Damage US Economy, Resulting in Millions of Job Losses

Chip Crisis Restaged on the Temporary Closure of Two Ukraine Neon Gas Suppliers

The Russian-Ukrainian conflict has been ongoing for several weeks and the global commodities market has seen dramatic volatility as a result. This comes after the market erupted in concerns over the supply of Russian nickel metal, with LME nickel prices surging above $100,000 per tonne in a single day.

Mar 22, 2022 14:26

SMM Insight

Chip Crisis Restaged on the Temporary Closure of Two Ukraine Neon Gas Suppliers

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

The SS contract fell by 1.84% [SMM Stainless Steel Futures Daily Review]

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit