Friday's Market Overview: Despite the A-share index showing a positive trend, the stainless steel market experienced a different story. The futures market took a morning plunge, breaking the 13,900 threshold but rebounded later, maintaining a greenish hue throughout the day. The spot market remained in a stalemate, with some concessions made for transactions, hovering around 13,500-13,600 yuan/ton.

304 Cold Rolled Stainless Steel: Early in the day, the market saw a steady order intake with a quiet trading atmosphere. Later, to encourage transactions, discounts of 20-50 yuan/ton were offered, with some resources moving back to sales around 13,500-13,550 yuan/ton, while others held their ground at higher levels.

304 Hot Rolled Stainless Steel: The market was weak, with some buyers looking for cheaper deals, and the prices showed signs of softening.

201 Stainless Steel: On the 201 front, both hot and cold rolled steel saw a decline, with some transactions closing at lower prices to stimulate sales.

430 Stainless Steel: The market remained stable with a quiet trading atmosphere and limited transactions.

Market Prices and Key Players

Here are the key takeaways from the market prices:

• 304 Cold Rolled:</ Prices from major suppliers like Delong, Hongwang, and others ranged between 13,500-13,700 yuan/ton.
• 304 Hot Rolled:</ Resources from Qingshan and others were weakly stable at around 13,400 yuan/ton.
• 201 Cold Rolled: Prices fluctuated, with J1 grade from suppliers like Hongwang and Chengde at 8,850-9,000 yuan/ton, and J2 and J5 at 8,100-8,350 yuan/ton.
• 201 Hot Rolled: The market saw a softening in prices, with some resources as low as 7,800 yuan/ton.