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  Guidance Prices for Various Series of Domestic Large Stainless Steel Mills on April 2 [SMM Steel Mill Guidance Prices]

  【SMM Steel Mill Guidance Price】On April 2, the guidance prices for various series of domestic large stainless steel mills were updated, with Dongfang Special Steel and Zhangpu raising their prices.

• Downstream Purchase Willingness for Stainless Steel Is Low, Cost-Driven Prices Remain Firm [SMM Stainless Steel Spot Daily Review]

  SMM Stainless Steel Spot Daily Review: Weak Downstream Purchase Willingness, Cost-Driven Price Resilience. On April 2, the activity in the stainless steel spot market was lackluster, with weak downstream purchase willingness. The most-traded futures contract 2505 fluctuated at a high level, with the SS2505 quoted at 13,570 yuan/mt, up by 65 yuan/mt. In the spot market, prices for 200-series and 316L hot-rolled coils rose, while 304 remained stable. The prices for 201/2B, 316L, and 430 cold-rolled coils, as well as 316L hot-rolled coils, varied in Wuxi and Foshan. Due to cost support, the current transactions were moderate. It is expected that subsequent downstream demand will increase, coupled with cost support, stainless steel prices will remain resilient.

• Copper Prices Fluctuated, Overall Trading Was Flat [SMM Secondary Copper Daily Review]

• 【Exhibitor Recommendation】Zhongma Zhonglianjin Confirms Attendance at AICE 2025 Aluminum Industry Expo

• 【Exhibitor Recommendation】JMA Aluminum Confirms Attendance at AICE 2025 Aluminum Industry Expo