Stainless steel futures experienced a significant drop in the morning, followed by fluctuations, but the spot market remained relatively stable. As the Spring Festival holiday approaches, market transactions have almost come to a halt.
Nickel iron prices saw a slight increase due to policy and election factors in Indonesia, but the price rise is limited due to oversupply.
After a period of de-stocking, pressure on the spot market’s inventory is low. Traders maintain a strong price-holding attitude, though pre-holiday purchasing is slowing down.
The prices of privately-produced cold-rolled stainless steel are expected to fluctuate before the holiday, with the market focusing on the arrival rhythm of steel mill resources.
Unit 2511, Expo Financial Center, Chancheng District, Foshan City, Guangdong, China
By continuing to use the site you agree to our privacy policy Terms and Conditions.
EN
