Stainless Steel Market Transactions Active, Prices Remain Firm [SMM Stainless Steel Spot Daily Review]

Published: Mar 10, 2025 18:53

Save

[SMM Stainless Steel Spot Daily Review: Active Transactions in the Stainless Steel Market, Prices Remain Firm] On March 10, the stainless steel market saw active offers in the morning but mediocre transactions, while transactions improved in the afternoon. The most-traded 2505 futures contract fluctuated upward during the day, with prices rising to 13,475 yuan/mt as of 10:30, an increase of 1.6%. Spot premiums and discounts for 304/2B fluctuated significantly, with spot premiums in Wuxi ranging from -155 to 145 yuan/mt.

March 10—According to an in-depth survey by SMM,

the stainless steel market was active in the morning with rising offers, though transactions were moderate. In the afternoon, transactions improved significantly. In the futures market, the most-traded stainless steel futures contract SS2505 fluctuated upward. As of 10:30 on March 7, the most-traded stainless steel futures contract SS2505 saw a significant increase in its quotation, reaching 13,475 yuan/mt, up by 25 yuan or 1.6%. Spot premiums and discounts for 304/2B fluctuated significantly, with the stainless steel spot premiums in Wuxi ranging from -155 to 145 yuan/mt.

This week, stainless steel spot prices remained firm. In the morning, prices rose but transactions were weak, dominated by a wait-and-see sentiment. In the afternoon, as the futures market rebounded, downstream buyers' wait-and-see sentiment eased, and they began to make purchases.

For any inquiries regarding stainless steel, please contact Chaoxing Yang at 021-20707860 or 13585549799 (WeChat available).

》Click to view SMM historical metal spot prices

》Click to view the SMM metal industry database

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

21 hours ago

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

21 hours ago

22 hours ago

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

22 hours ago