SMM

[SMM Analysis: Slight Change in Wuxi and Foshan Stainless Steel Inventory, New Market Dynamics Amid Tug-of-War Between Sellers and Buyers] As of February 20, 2025, SMM data showed that the total stainless steel inventory in the Wuxi and Foshan markets reached 959,000 mt, up 0.88% WoW. Performance varied across series: the 200 series saw a decline in Wuxi and a slight increase in Foshan, while both the 300 and 400 series experienced growth. Over the past year, inventory fluctuations have been driven by supply and demand adjustments. Recent changes stem from uneven recovery paces on the demand side and steel mill production impacting inventory on the supply side. For market participants, inventory presents both pressure and opportunities. The future market will continue to be influenced by macro factors, downstream demand, and raw materials, requiring companies to stay vigilant and adapt flexibly.