China's stainless steel spot & future prices both higher since Sep
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Update time : 2022-09-19 21:46:46
Affected by the shrinking supply and the recovery of demand-side purchases, the spot prices of stainless steel futures in China have doubled since September.
At the same time, it is worth noting that after the spot prices and future prices of China's stainless steel rose synchronously, the second half of last week showed signs of a first pullback.
After the spot price rose, the change in downstream acceptance resulted in a light transaction, mainly due to the increase in stainless steel production in September and the continuous release of production in Indonesia.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
