The price of 304 stainless steel remains strong. Despite average overall transactions, market prices continue to rise.
Key materials like ferronickel and ferrochrome maintain stable prices, while electrolytic nickel experiences a slight increase.
Recent economic meetings and positive news have driven up both the financial and spot markets.
As the Chinese New Year approaches, some merchants have opted for an early holiday, leading the market into a gradual vacation mode.
Stainless steel futures continue to climb, spurred by year-end production cut announcements from steel mills.
International clients should pay attention to steel mill production and order statuses, as well as the potential market demand recovery post-Chinese New Year.