SS Futures Stop Falling and Stabilize, Futures Influence Dominates Weak Stainless Steel Spot Trading [SMM Stainless Steel Daily Review]

[SMM Stainless Steel Daily Review: SS Futures Stop Falling and Stabilize, Futures Influence Dominates Weak Spot Stainless Steel Trading] SMM October 15 - SS futures showed signs of stopping their decline and stabilizing. Today, the futures market generally trended downward, with SS futures probing further downward, at one point approaching 12,500 yuan/mt, hitting a low not seen in nearly three months. On the spot market side, influenced by the low futures prices, spot stainless steel trading remained sluggish today. Under the pressure to sell resulting from concentrated inverted pricing after the holiday, traders frequently offered discounts. Currently, the market is significantly influenced by futures, with a strong wait-and-see sentiment. As futures remain weak, spot prices are unlikely to achieve a significant rebound. Futures side, the most-traded contract 2511 weakened and probed lower. At 10:30 AM, SS2511 was quoted at 12,565 yuan/mt, holding steady compared to the previous trading day. In the Wuxi region, the spot premium/discount for 304/2B was in the range of 455-755 yuan/mt. In the spot market, the average price for cold-rolled 201/2B coil in Wuxi was reported at 8,050 yuan/mt; for cold-rolled mill edge 304/2B coil, the average price in Wuxi was 13,000 yuan/mt, and in Foshan it was 13,000 yuan/mt; for cold-rolled 316L/2B coil in the Wuxi region, the price was 25,300 yuan/mt, and in the Foshan region it was 25,300 yuan/mt; for hot-rolled 316L/NO.1 coil, the price in both locations was reported at 24,750 yuan/mt; for cold-rolled 430/2B coil, the price in both Wuxi and Foshan was 7,600 yuan/mt. During the National Day and Mid-Autumn Festival holidays, the domestic stainless steel market was generally on holiday, with shipments and inbound/outbound warehouse activities restricted...

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MMi Daily Iron Ore Report (October 14)

[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning Expected to Remain Volatile

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Polysilicon Market Largely Stable with High-Purity Quartz Sand Prices Weakening [SMM Silicon-Based PV Morning Conference Summary]

[SMM Silicon-Based PV Morning Conference Summary] Silicon Metal: Spot silicon metal prices edged lower. Yesterday, SMM oxygen-blown #553 silicon in east China was quoted at 9,300-9,500 yuan/mt, down 50 yuan/mt from the previous day. The futures market experienced strong fluctuations due to market rumors, with the intraday low at 8,455 yuan/mt and the high at 8,770 yuan/mt. It closed at 8,520 yuan/mt at the end of the session, down 285 yuan/mt from the previous day and 165 yuan/mt from Monday. Trading activity was relatively active yesterday. Polysilicon: Prices for N-type recharging polysilicon were quoted at 50.5-55 yuan/kg, granular polysilicon at 50-51 yuan/kg, and the polysilicon price index at 52.65 yuan/kg. The market was largely stable overall, with no substantial increase occurring yet, mainly due to fluctuations in some orders and expected prices. As industry meetings are about to be held, the market is focusing on the meeting outcomes.