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Home / Metal News / The Holiday Atmosphere Remains Strong, Market Inventory Buildup Increases Slightly [SMM Stainless Steel Spot Daily Review]
The Holiday Atmosphere Remains Strong, Market Inventory Buildup Increases Slightly [SMM Stainless Steel Spot Daily Review]
Feb 6, 2025 15:16Source:SMM
[SMM Stainless Steel Spot Daily Review: Holiday Atmosphere Remains Strong, Market Inventory Buildup Increases Slightly] On February 6, stainless steel electronic trading fluctuated upward today, and spot prices of all series showed a slight increase. Although the Chinese New Year holiday has ended, the holiday atmosphere remains, and market inventory buildup increased slightly.
On February 6, stainless steel electronic trading fluctuated upward today, with spot prices of all series increasing slightly. The Chinese New Year holiday has ended, but the holiday atmosphere remains, and the market saw a slight inventory buildup. High-carbon ferrochrome prices rose significantly, highlighting the support from raw materials. In the Wuxi region, 304 cold-rolled stainless steel was quoted at 13,050-13,400 yuan/mt, 304 HRC at 12,450-12,600 yuan/mt, 316L cold-rolled at 23,700-23,900 yuan/mt, 201J1 cold-rolled at 7,700-7,800 yuan/mt, and 430 cold-rolled at 7,150-7,450 yuan/mt. At 10:30 a.m., the SHFE SS2503 contract price was 13,425 yuan/mt, with Wuxi stainless steel spot premiums at -205 to -145 yuan/mt (spot trimmed edge = mill edge + 170 yuan/mt).
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