[SMM Steel Mill Guidance Price] Guidance Prices for Different Series of Stainless Steel at Large Domestic Steel Mills on May 30

Today, the Dalian iron ore futures market continued to be in the doldrums, with the most-traded contract I2509 closing at 702, down 0.43% for the day. Traders' willingness to sell was average; steel mills' restocking activities for the week were largely completed, and their purchase willingness weakened.

[SMM Rebar Daily Review: Demand Shifts Between "Off-Season" and "Peak Season," Weak Industry Realities Struggle to Drive Up Spot Prices] This week, rebar prices showed a weak downward trend, with the current nationwide average price at 3,104 yuan/mt, down 60 yuan/mt WoW.

[SMM Stainless Steel Daily Review: Warning of Simultaneous Decline in Volume and Price Amid Sluggish Stainless Steel Demand] SMM reported on May 30 that today, the SS futures market continued its fluctuating trend. Despite the approaching Dragon Boat Festival holiday, the expected pre-holiday stockpiling did not materialize in the market. As the stainless steel market gradually enters the traditional consumption off-season, overall transactions have become increasingly sluggish. Traders are generally facing difficulties in selling their products, with some merchants choosing to offer discounts to boost sales, driving spot prices to remain in the doldrums. Recently, news of production cuts by stainless steel mills has been circulating, but due to the simultaneous weakening of downstream demand, the supply contraction brought about by the production cuts is difficult to offset the impact of the decline in demand. Against this backdrop, the stainless steel market may face a situation of simultaneous decline in volume and price. In the futures market, the most-traded contract 2507 is fluctuating. At 10:30 a.m., SS2507 was quoted at 12,700 yuan/mt, down 10 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel range from 470 to 670 yuan/mt. In the spot market, the cold-rolled 201/2B coils in Wuxi and Foshan are both quoted at 7,950 yuan/mt; the cold-rolled trimmed 304/2B coils have an average price of 13,100 yuan/mt in Wuxi and 13,100 yuan/mt in Foshan; the cold-rolled 316L/2B coils are priced at 24,050 yuan/mt in Wuxi and 24,050 yuan/mt in Foshan; the hot-rolled 316L/NO.1 coils are quoted at 23,350 yuan/mt in both regions; the cold-rolled 430/2B coils are both priced at 7,500 yuan/mt in Wuxi and Foshan. Currently, the stainless steel market has fully entered the traditional consumption off-season, with downstream demand significantly weakening, and the mar...

[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in Tangshan Region May Fluctuate Rangebound] The domestic ore market in Tangshan region remains generally stable, with the delivery-to-factory price of 66% grade dry-basis iron ore concentrates (tax included) at 920-930 yuan/mt. However, most beneficiation plants and traders maintain a cautious attitude, with their offers falling short of sellers' expectations, leading to a notable stalemate. It is understood that due to the suppression from steel enterprises and the difficulty in sourcing low-priced resources, independent beneficiation plants are experiencing severe losses.