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[SMM Stainless Steel Daily Review] SS Futures Drift Lower, Stainless Steel Spot Trades Remain Cautious

This week, the market entered the "super central bank week." Under the prevailing cautious trading sentiment, the nonferrous metals futures sector pulled back slightly under pressure across the board, and SS continued its previous weakening pace, with the weak pattern remaining unchanged. As of the midday close, the most-traded SS contract closed at 13,535 yuan/mt. The spot market weakened in tandem: dragged down by the continued decline in futures, spot market trading sentiment cooled as well.

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