Recent Fluctuations in China's Stainless Steel Market: Price Rises May Rely on Futures Surge —— Jan 12 2024-01-12
Yesterday, the Chinese stainless steel market experienced certain price fluctuations, the reasons for which remain unclear. The market generally reports difficulty in transactions following price increases, with steel mills maintaining stable order prices and a rise in market inventory. Despite the strong call for price hikes, actual transactions have not been ideal, with businesses primarily focusing on spot goods.