On January 20, impacted by the significant return of Indonesian ferronickel, the daytime electronic trading session experienced a wide decline, dropping 345 yuan compared to yesterday's closing price. Spot prices slightly increased, but transactions remained sluggish as the market gradually entered the Chinese New Year holiday. In Wuxi, 304 cold-rolled stainless steel was quoted at 13,000-13,300 yuan/mt, 304 hot-rolled stainless steel at 12,400-12,600 yuan/mt, 316L cold-rolled stainless steel at 23,600-23,800 yuan/mt, 201J1 cold-rolled stainless steel at 7,600-7,750 yuan/mt, and 430 cold-rolled stainless steel at 7,150-7,450 yuan/mt. At 10:30 a.m., the SHFE SS2503 contract price stood at 13,095 yuan/mt, with Wuxi stainless steel spot premiums at 75-375 yuan/mt (spot trimmed edge = mill edge + 170 yuan/mt).
