Stainless Steel Slightly Fluctuated Upward, Weak Demand and Flat Transactions [SMM Stainless Steel Spot Daily Review]

Published: Apr 1, 2025 21:07

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SMM Stainless Steel Spot Daily Review: Stainless Steel Fluctuates Slightly Upward, Weak Demand and Flat Transactions. On April 1, the spot price of stainless steel in the market rose, with active inquiries but flat transactions. Downstream players showed strong wait-and-see sentiment, optimizing raw material inventory digestion and low restocking enthusiasm. On the futures side, the most-traded contract 2505 fluctuated upward, with SS2505 quoted at 13,505 yuan/mt at 10:30 AM, up 60 yuan/mt. In the Wuxi region, the spot premiums and discounts for 304/2B were in the range of 265-565 yuan/mt.

April 1st, the stainless steel spot prices rose today, with active market inquiries but flat transactions. Downstream players showed strong wait-and-see sentiment, optimizing raw material inventory digestion with low restocking enthusiasm. Futures side, the most-traded SS2505 contract fluctuated upward, quoted at 13,505 yuan/mt at 10:30 AM, up 60 yuan/mt. The spot premiums/discounts for 304/2B in Wuxi ranged from 265-565 yuan/mt.

Today, spot prices increased. Cost support drove prices upward, with spot merchants raising offers and open to negotiation for large orders. By series, the spot price of cold-rolled 201/2B coil in Wuxi was 8,275 yuan/mt, and 8,300 yuan/mt in Foshan. The average price of cold-rolled trimmed 304/2B coil in Wuxi was 14,050 yuan/mt, and 13,975 yuan/mt in Foshan. The price of cold-rolled 316L/2B coil in Wuxi was 24,350 yuan/mt, and 24,550 yuan/mt in Foshan. The price of hot-rolled 316L/NO.1 coil in Wuxi was 23,600 yuan/mt, and 23,650 yuan/mt in Foshan. The price of cold-rolled 430/2B coil in Wuxi was 7,500 yuan/mt, and 7,475 yuan/mt in Foshan.

Looking ahead, with downstream demand picking up and cost support, stainless steel prices may continue to rise.

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

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