Stainless Steel Electronic Disk SS05 Contract Game Intensifies, Spot Price Remains Stable [SMM Stainless Steel Spot Daily Review]

Published: Feb 20, 2025 11:52

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[SMM Stainless Steel Spot Daily Review: Stainless Steel Electronic Disk SS05 Contract Sees Intensified Tug-of-War, Spot Prices Remain Stable] On February 20, the stainless steel electronic disk SS05 contract experienced an intense tug-of-war between longs and shorts, fluctuating upward. In the Wuxi spot market, prices remained stable due to sufficient supply and lackluster downstream demand.

On February 20, the stainless steel electronic trading May contract was relatively active, with an intense tug-of-war between longs and shorts. The SS05 contract price fluctuated upward, showing an overall upward trend, but its subsequent movement remained influenced by various factors. This week, the spot market saw stable prices due to sufficient supply and limited downstream demand.

Today, 304 cold-rolled stainless steel in Wuxi was quoted at 12,950-13,350 yuan/mt, while 304 hot-rolled stainless steel was quoted at 12,450-12,600 yuan/mt. 316L cold-rolled stainless steel was quoted at 23,800-24,200 yuan/mt. 201J1 cold-rolled stainless steel was quoted at 7,700-7,800 yuan/mt. 430 cold-rolled stainless steel was quoted at 7,300-7,450 yuan/mt. At 10:30 AM, the SHFE SS2505 contract price was 13,185 yuan/mt, and the spot premiums for Wuxi stainless steel ranged from -65 to 285 yuan/mt (spot trimmed edge = mill edge + 170 yuan/mt).

Today's stainless steel market prices in Wuxi are as follows: 304 cold-rolled prices ranged from 12,950 to 13,350 yuan/mt; 304 hot-rolled prices were 12,450-12,600 yuan/mt; 316L cold-rolled prices were 23,800-24,200 yuan/mt; 201J1 cold-rolled prices ranged from 7,700 to 7,800 yuan/mt; 430 cold-rolled prices were 7,300-7,450 yuan/mt.

As of 10:30 AM, the SHFE SS2505 contract price was 13,185 yuan/mt. The spot premiums for Wuxi stainless steel ranged from -65 to 285 yuan/mt. Note: Spot trimmed edge price = mill edge price + 170 yuan/mt.

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