The increase in stainless steel mill's list price drives the market inquiry to recover, and traders' quotes explore an increase [SMM Stainless Steel Daily Review]

[SMM Daily Stainless Steel Review: Stainless Steel Mill Futures Prices Increase, Driving Market Inquiries to Recover and Traders' Quotations to Rise] SMM reported on July 14 that the SS futures market opened lower but closed higher, with an overall strong and volatile trend throughout the day. In the spot market, the morning saw stainless steel mills raise the 316L futures price by 200 yuan/mt, while the 304 futures price remained stable. Affected by the futures market's correction last week, spot market transactions were slightly sluggish, and traders' quotations remained largely unchanged. In the afternoon, the stainless steel mill updated the 304 stainless steel futures price again, raising it by 100 yuan/mt. As the futures market strengthened in the afternoon, market activity increased, quotations rose, and low-priced supplies gradually diminished. Currently, the spot market is significantly influenced by the electronic futures market, with some traded supplies being used for arbitrage operations by traders in the futures market rather than flowing into end-use consumption. The actual demand recovery in the market still requires time. In the futures market, the most-traded 2508 contract strengthened. At 10:30 a.m., SS2508 was quoted at 12,700 yuan/mt, down 55 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 120 to 320 yuan/mt. In the spot market, the cold-rolled 201/2B coils in Wuxi and Foshan were both quoted at 7,550 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...