Stainless steel futures and spot prices rise in Chinese market
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Update time : 2025-05-21 19:15:40
Last week, China's stainless steel futures prices rose continuously, up 1.93%, driving spot prices higher. Although the trading volume has increased with an upward trend, actual demand is limited, and the market will be weak and volatile in the short term.
The US and China have reached a temporary agreement on tariff reduction, boosting the futures price of stainless steel to strengthen, and recent transactions are mainly for traders to stock up.
In the overall market, although the price trend is rising, buyers are still cautious. Basically, steel mills have finished accepting orders for May, and the subsequent supply pressure would increase. In addition, after the effect of the tariff suspension fades, coupled with the softening of raw material prices, future price trends need to be viewed conservatively.
