On January 22, stainless steel electronic trading prices slightly declined during the day before stabilizing. As the second wave of concentrated holiday periods approaches before the Chinese New Year, the atmosphere for winter stockpiling has been relatively strong. Currently, the market has seen significant inventory buildup, and it is expected that post-holiday activities will focus on inventory digestion. In Wuxi, 304 cold-rolled stainless steel was quoted at 13,000-13,300 yuan/mt, 304 HRC 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 was 13,160 yuan/mt, with Wuxi stainless steel spot premiums ranging from 10-310 yuan/mt. (Spot trimmed edge = mill edge + 170 yuan/mt).
