[SMM Steel Mill Guidance Price] Guidance prices for various stainless steel series from large domestic steel mills on July 4

Today, DCE iron ore f futures jumped initially and then pulled back, maintaining a relatively strong oscillation throughout the day. The most-traded contract I2509 eventually closed at 732.5, with a daily increase of 0.62%.

[SMM Rebar Daily Review: Market News Drives Rapid Price Rally, but Bottom Price Support Proves Challenging] This week, rebar prices fluctuated upward, with the nationwide average price at 3,118.6 yuan/mt, up 57.4 yuan/mt MoM.

[SMM Stainless Steel Daily Review: Stainless Steel Spot Gains Lag Behind Futures, Market Supply and Demand Recovery Still Takes Time] SMM reported on July 4 that the SS futures market opened higher and moved downwards today, with the intraday high once approaching the 12,800 yuan/mt mark. In the spot market, spot prices remained generally stable this week, with a narrower range of fluctuations compared to the futures market. However, market sentiment was significantly influenced by the futures market's trend, with transaction volumes fluctuating in line with futures market changes. Early in the week, influenced by the decline in the futures market, the strength of stainless steel prices brought about by previous steel mill production cuts was hindered, resulting in a slight correction in prices and a significant decrease in transactions. However, subsequent to this, inquiries and transactions became active again, driven by the futures market. With consumption recovering and supply pressure easing due to steel mill production cuts, social inventory of stainless steel further decreased this week, down 1.42% WoW to 978,000 mt. In the futures market, the most-traded contract 2508 opened higher and moved downwards. At 10:30 a.m., SS2508 was quoted at 12,750 yuan/mt, up 75 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 75-220 yuan/mt. In the spot market, cold-rolled 201/2B coils in Wuxi and Foshan were both quoted at 7,600 yuan/mt; cold-rolled trimmed 304/2B coils had an average price of 12,725 yuan/mt in Wuxi and 12,725 yuan/mt in Foshan; cold-rolled 316L/2B coils were priced at 23,800 yuan/mt in Wuxi and 23,800 yuan/mt in Foshan; hot-rolled 316L/NO.1 coils were quoted at 23,100 yuan/mt in both Wuxi and Foshan; cold-...

[Domestic iron ore market brief: Prices of iron ore concentrates in Tangshan region may have some upside potential] Prices of iron ore concentrates in Tangshan region have risen slightly, with the delivery-to-factory prices of dry-basis, tax-included 66-grade iron ore concentrates increasing by 20 yuan/mt, now at 880-885 yuan/mt. The overall supply of iron ore concentrates from mines and beneficiation plants remains tight, and the overall cost-effectiveness of domestic iron ore concentrates has improved compared to imported ore. The overall willingness to sell from mines and beneficiation plants is moderate.