Stainless Steel Futures Decline, Steel Mills Adjust Prices, Downstream Stainless Steel Sector Remains Cautious

K-LinePoet · 2026-03-19T04:37:21+00:00

The SS futures market is presenting a declining trend, affected by the non-ferrous metals sector, with prices adjusted downward. As of the mid-session close, SS is reported at 14185 yuan/ton. The spot market has seen slight price reductions due to futures decline and guidance price adjustments, with weak transaction activity; however, market expectations for further price declines remain relatively muted. Overall market feedback remains stable.

K-LinePoet

2026-03-19 04:37:21

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The SS futures market shows a downward trend. Although trading was relatively stable on Friday night, the market opened lower on Monday due to a collective decline in the non-ferrous metals sector, with SS futures also falling. By midday, the price closed at 14,185 yuan/ton. In the spot market, influenced by the decline in SS futures and a general price reduction of 200 yuan/ton by a major stainless steel producer in the morning, retail prices slightly decreased. Price fluctuations have increased cautiousness among downstream buyers, leading to weak trading activity during the day. However, market feedback indicates that overall transactions previously remained stable, and with expectations of relatively strong stainless steel costs, most market participants did not anticipate further price cuts. The decline in traders’ spot quotes was smaller than the reduction in the guiding prices. The main SS futures contract continued to fall. At 10:15 a.m., SS2605 was quoted at 14,045 yuan/ton, down 230 yuan/ton from the previous trading day. In Wuxi, the premium/discount for 304/2B spot material ranged from 245 to 445 yuan/ton. In the spot market, Wuxi cold-rolled 201/2B coils remained stable; cold-rolled rough edge 304/2B coils in Wuxi decreased by 50 yuan/ton, and in Foshan by 50 yuan/ton; Wuxi cold-rolled 316L/2B coils remained stable; hot-rolled 316L/NO.1 coils in Wuxi remained stable; and both Wuxi and Foshan saw stable prices for cold-rolled 430/2B coils. (Shanghai Nonferrous Metals Network)

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