SMM

[SMM Stainless Steel Spot Daily Review: Demand Shows No Improvement, Stainless Steel Market Sees Sluggish Sales] On February 25, the stainless steel market experienced sluggish inquiries and sparse spot trading volume. Futures side, SHFE stainless steel futures SS2505, the most-traded contract, were quoted at 13,210 yuan/mt at 10:30. In Wuxi, stainless steel spot premiums ranged from -40 to 260 yuan/mt. In the spot market, prices for 201/2B coil, 304/2B coil, and 316L/2B coil remained stable overall, while the nationwide average price of 430/2B coil saw a slight decline. In the short term, the supply-demand imbalance persists, and there is significant resistance to price increases.