Prices of some products in the stainless steel market rose, downstream enterprises adopted a wait-and-see attitude and made cautious purchases. [SMM Stainless Steel Spot Daily Review]

On March 27, the SMM survey showed that in the stainless steel market, some prices were stable with an upward trend. Market activity was moderate, and trading was flat. The most-traded futures contract SS2505 fluctuated rangebound, and at 10:30 AM, the SS2505 was quoted at 13,385 yuan/mt, up by 25 yuan/mt. The price fluctuated rangebound within the range of 13,390-13,440 yuan throughout the day. The spot premiums/discounts for 304/2B in Wuxi ranged from 2,185 to 435 yuan/mt.

In today's stainless steel spot market, the price of cold-rolled 201/2B coil in Wuxi was 8,000 yuan/mt, and in Foshan, it was 8,025 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 316L/2B coil in Wuxi was 24,145 yuan/mt, and in Foshan, it was 24,475 yuan/mt. The price of hot-rolled 316L/NO.1 coil in Wuxi was 23,200 yuan/mt, and in Foshan, it was 23,450 yuan/mt. The price of cold-rolled 430/2B coil in Wuxi was 7,500 yuan/mt, and in Foshan, it was 7,475 yuan/mt.

In the future, the stainless steel market price is expected to maintain a rangebound fluctuation trend.

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

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