[SMM Stainless Steel Daily Review: Futures Market Drives Spot Market, Stainless Steel Prices Drop Back Slightly] SMM reported on July 16 that the SS futures market showed a weakening and pulling back trend after surging in the morning, continuing the doldrums of the previous day. In the spot market, influenced by the morning's surge in the futures market, spot quotes remained strong as the previous day, but then began to weaken and pull back as the futures market declined. Coupled with the already sluggish high-priced transactions of stainless steel, spot quotes fell again. At present, due to production cuts by stainless steel mills, social inventory has not risen further, and the shipping pressure of stainless steel mills has also eased. However, downstream demand remains weak, and the spot market fundamentals are in a stalemate. The market is significantly influenced by the futures market. In the short term, the market is waiting for guidance from macro policies. In the futures market, the most-traded 2509 contract is in the doldrums. At 10:30 a.m., SS2509 was quoted at 12,710 yuan/mt, up 10 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 110 to 310 yuan/mt. In the spot market, the cold-rolled 201/2B coils in Wuxi and Foshan were both quoted at 7,600 yuan/mt; the cold-rolled trimmed 304/2B coils had an average price of 12,750 yuan/mt in Wuxi and 12,750 yuan/mt in Foshan; the cold-rolled 316L/2B coils were priced at 23,700 yuan/mt in Wuxi and 23,700 yuan/mt in Foshan; the hot-rolled 316L/NO.1 coils were both quoted at 23,200 yuan/mt in the two regions; the cold-rolled 430/2B coils in Wuxi and Foshan were both priced at 7,100 yuan/mt. Despite the SS futures market...

[SMM Rebar Daily Review: The pattern of stable supply and weak demand continues, and construction steel prices may remain in the doldrums in the short term] Today, the futures market fluctuated downward, closing at 3,106, down 0.48% from the previous trading day. On the spot side, market quotes dropped slightly, with declines of 10-20 yuan/mt. In terms of transactions, futures prices rose slightly at the end of the trading day, driving the release of speculative demand in some regions, but overall trading performance was average.

[Domestic iron ore market brief: Iron ore concentrate prices in Tangshan may rise slightly] Today, iron ore concentrate prices in Tangshan remained relatively stable, with the current delivery-to-factory price (dry basis, tax included) for 66% grade iron ore concentrates at 880-885 yuan/mt; The overall operating rate in the local area remains at a low level, and the overall supply of iron ore concentrates is relatively tight, providing some support for iron ore concentrate prices.

Today, DCE iron ore futures continued to rally, breaking through the 770 level and reaching a high of 772. After a brief pullback in the afternoon, prices rebounded again. The most-traded contract I2509 eventually closed at 767, with a daily increase of 0.13%. Traders sold goods according to market conditions.

[SMM Rebar Daily Review: Futures Market Pullback Drags Down Market Sentiment, Construction Steel Prices Continue Weak Balance Fluctuation] Today, the futures market fluctuated downward, closing at 3,114, down 0.54% from the previous trading day. In the spot market, quotes showed mixed performance, with overall price fluctuations ranging from 10 to 20 yuan/mt. In terms of transactions, influenced by the futures market pullback, market trading enthusiasm weakened, and overall transaction performance was mediocre.

[SMM Steel Mill Guidance Price] Guidance prices for various stainless steel series from large domestic steel mills on July 15

[SMM Daily Stainless Steel Review: Stainless Steel Spot Quotations Rise Slightly, but Weak Downstream Demand Leads to Sluggish Transactions] SMM reported on July 15 that the SS futures market was influenced by the decline in SHFE nickel prices, showing a fluctuating trend in the doldrums during the day. In the spot market, driven by the increase in steel mills' futures prices, market trade quotations strengthened somewhat. Despite the continued weakness in downstream demand and the adverse impact of the futures market's pullback on transactions, resulting in less-than-ideal transactions, low-priced supplies had largely disappeared. Currently, under the combined effects of stainless steel mills' production cuts and the futures market's oversold rebound, the previous market downturn had eased somewhat. However, downstream demand had not fundamentally changed and remained in the off-season. Amid the tug-of-war between bullish and bearish forces in the market, it was difficult for prices to rebound significantly. In the futures market, the most-traded contract 2509 was in a fluctuating trend in the doldrums. At 10:30 a.m., SS2509 was quoted at 12,700 yuan/mt, unchanged from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 170 to 370 yuan/mt. In the spot market, cold-rolled 201/2B coils in both Wuxi and Foshan were quoted at 7,600 yuan/mt; cold-rolled trimmed 304/2B coils had an average price of 12,800 yuan/mt in Wuxi and 12,775 yuan/mt in Foshan; cold-rolled 316L/2B coils were priced at 23,700 yuan/mt in Wuxi and the same in Foshan; hot-rolled 316L/NO.1 coils were quoted at 23,200 yuan/mt in both regions; and cold-rolled 430/2B coils were priced at 7,100 yuan/mt in both Wuxi and Foshan. Despite the stop falling and rebound in the SS futures market and the strengthening of prices, stainless...

[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in West Liaoning May Rise Slightly] The local transaction prices of domestic ore in the west Liaoning market have risen slightly. The ex-factory prices (excluding tax) for 66% grade iron ore concentrates on a wet basis are 670-680 yuan/mt. Driven by the positive external environment in the early stage, the sentiment of ore processors to demand higher prices has become prominent, and they are reluctant to sell at low prices. Traders are highly cautious and lack confidence in the future market, making it difficult for them to purchase at high prices. However, some are considering their own needs.