SMM

[SMM Stainless Steel Spot Daily Review: Mediocre Transactions in Stainless Steel Market, Supply-Demand Imbalance Restrains Future Market] On February 24, the stainless steel market showed moderate activity, but spot transactions remained mediocre. Futures side, SHFE stainless steel futures SS2505, the most-traded contract, experienced significant price fluctuations, with overall volatility in recent times. Spot market prices for various grades remained stable, while spot premiums/discounts for 304/2B fluctuated frequently. Currently, high inventory levels, ample supply, and slow demand recovery are suppressing both spot and futures prices. In the short term, the market is likely to remain influenced by the supply-demand imbalance, with raw material prices and the pace of downstream demand recovery being key factors.