Merchants Stockpiling Combined with Stainless Steel Returning to the Market May Lead to Inventory Buildup After the Holiday [SMM Stainless Steel Spot Daily Review]

Published: Jan 21, 2025 16:01

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[SMM Stainless Steel Spot Daily Review: Traders Stockpile and Stainless Steel Returns May Lead to Post-Holiday Inventory Buildup] On January 21, the stainless steel electronic trading gradually rebounded today, but market transactions remained sluggish, and spot prices continued to hold steady. Some traders stockpiled goods before the holiday, showing strong bullish sentiment. However, due to the combined impact of raw materials and the return of stainless steel, there may be an inventory buildup in the market after the holiday.

On January 21, stainless steel electronic trading gradually recovered today, with sluggish market transactions and spot prices remaining stable. Some traders stocked up partially before the holiday, showing strong bullish sentiment. However, considering the impact of raw materials and stainless steel inflows, post-holiday inventory buildup may occur. 304 cold-rolled stainless steel in Wuxi was quoted at 13,000-13,300 yuan/mt, 304 HRC in Wuxi at 12,400-12,600 yuan/mt, 316L cold-rolled stainless steel in Wuxi at 23,600-23,800 yuan/mt, 201J1 cold-rolled stainless steel in Wuxi at 7,600-7,750 yuan/mt, and 430 cold-rolled stainless steel in Wuxi at 7,150-7,450 yuan/mt. At 10:30 a.m., the SHFE SS2503 contract price was 13,110 yuan/mt, with Wuxi stainless steel spot premiums at 60-360 yuan/mt (spot trimmed edge = mill edge + 170 yuan/mt).

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