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Futures are declining, and inquiries for stainless steel spot transactions remain weak.
The SS futures market shows a downward and retreating trend. As the US-Iran ceasefire agreement approaches expiration, market concerns intensify. After the opening of the Asian trading session, the non-ferrous metal futures market overall remained under pressure and weakened, with SS also declining simultaneously. In the spot market, due to the continuous weakness of the futures market and lack of upward momentum, confidence in the stainless steel spot market has been damaged. Inquiries and transactions remain weak, and some traders, under pressure to close deals, have slightly lowered their quotes. (SMM)