Futures fluctuate, stainless steel spot prices remain stable and support prices

The SS futures market shows a trend of rising then pulling back. Boosted by the easing of the US-Iran conflict, the non-ferrous metal futures overnight session generally strengthened, with SS moving upward in tandem, once again approaching the 15,000 yuan/ton mark; however, due to the impact of the Strait blockade and US evacuation news, the market weakened again after the opening of the daytime session. By the midday close, the main SS contract was quoted at 14,765 yuan/ton.
In the spot market, along with the fluctuations in SS futures, the stainless steel spot market has recently been affected by lower distribution volumes from steel mills and tight supplies held by traders. Although actual trading remains sluggish, prices have been slightly raised supported by traders’ willingness to hold firm on prices. (SMM)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin