Stainless Steel Market Prices Remained Firm on March 26, Market Watchful with Flat Shipments [SMM Stainless Steel Spot Daily Review]

Published: Mar 26, 2025 13:28

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SMM Stainless Steel Spot Daily Review: Stainless Steel Prices Remain Firm on March 26, Market Watchful with Moderate Sales. On March 26, stainless steel prices remained firm and showed an upward trend. Although downstream demand fell short of expectations and transactions were moderate, some downstream users restocked due to rigid demand as month-end approached. The most-traded contract 2505 fluctuated rangebound, with SS2505 fluctuating rangebound between 13,380 and 13,410 yuan throughout the day. Short-term market prices are expected to fluctuate rangebound, and the subsequent trend will depend on the volume of downstream demand.

March 26 - According to the SMM survey, stainless steel market prices firmed and rose on March 26. Market activity increased, and traders stood firm on quotes, but transactions were flat due to weaker-than-expected downstream demand. Approaching month-end, some downstream users restocked based on inventory levels. The most-traded SS2505 futures contract fluctuated rangebound, with a quote of 13,360 yuan/mt at 10:30 AM, up 25 yuan/mt; prices fluctuated narrowly within the range of 13,380-13,410 yuan throughout the day. Spot premiums/discounts for 304/2B in Wuxi ranged from 210-460 yuan/mt.

In today's stainless steel spot market, the price of cold-rolled 201/2B coil in Wuxi was 7,850 yuan/mt, while in Foshan it was 7,900 yuan/mt. The average price of cold-rolled trimmed 304/2B coil in Wuxi was 14,025 yuan/mt, and in Foshan it was 13,950 yuan/mt. The price of cold-rolled 430/2B coil in Wuxi was 7,475 yuan/mt, while in Foshan it was 7,460 yuan/mt.

In the short term, stainless steel market prices are likely to fluctuate rangebound, and the subsequent trend will depend on whether downstream demand can significantly increase.

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

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