Stainless Steel Futures Market Continues to Fluctuate, Spot Market Remains Stable [SMM Stainless Steel Spot Daily Review]

Published: Feb 18, 2025 17:15

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[SMM Daily Review on Stainless Steel Spot: Stainless Steel Futures Market Continues Fluctuating Trend, Spot Market Remains Stable] On February 18, stainless steel electronic futures contract 05 continued to maintain a fluctuating trend, and spot prices remained stable.

On February 18, stainless steel electronic futures for the May contract continued to maintain a fluctuating trend, and spot prices remained stable. This week, the spot market was in a transitional period, with prices staying steady. The news of a four-month production halt at a South China steel mill has not yet significantly boosted 201 prices. Today, 304 cold-rolled stainless steel in Wuxi was quoted at 12,950-13,350 yuan/mt, 304 hot-rolled stainless steel in Wuxi at 12,450-12,600 yuan/mt, 316L cold-rolled stainless steel in Wuxi at 23,800-24,200 yuan/mt, 201J1 cold-rolled stainless steel in Wuxi at 7,700-7,800 yuan/mt, and 430 cold-rolled stainless steel in Wuxi at 7,300-7,450 yuan/mt. At 10:30 a.m., the SHFE SS2505 contract price was 13,045 yuan/mt, with Wuxi stainless steel spot premiums at 75-425 yuan/mt (spot trimmed edge = mill edge + 170 yuan/mt).

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