On July 3, according to an SMM survey, stainless steel futures prices continued their upward trend. Tsingshan Group kept guidance prices and spot market prices flat. The prices of #304 hot-rolled coil and #201 cold-rolled coil saw slight increases. The trading atmosphere on Tuesday and Wednesday was relatively good, and stainless steel spot prices are expected to stabilise in the short term. In the morning, #304 cold-rolled stainless steel in Wuxi was quoted at 13,900-14,200 yuan/mt, and #304 hot-rolled stainless steel in Wuxi was quoted at 13,350-13,500 yuan/mt. #316L cold-rolled stainless steel in Wuxi was quoted at 24,600-25,100 yuan/mt. #201J1 cold-rolled stainless steel in Wuxi was quoted at 8,600-8,800 yuan/mt. #430 cold-rolled stainless steel in Wuxi was quoted at 8,050-8,150 yuan/mt. At 10:30 AM, the SHFE SS2409 contract price was 14,160 yuan/mt, and stainless steel spot premiums in Wuxi were -90-210 yuan/mt. (Spot cut edge = uncut edge + 170 yuan/mt).