SMM

Production climbing, unfulfilled expectations of "Golden March and Silver April" coupled with stockpile surpassing ten thousand, recent stainless steel prices may see weakness and volatility, according to SMM analysis. SMM Analysis on March 27th: Stainless steel futures exhibited a "√" pattern in February, with a monthly increase of 1.43%. However, prices started to decline in March, reaching a new low since December 11, 2023, at 13,280 yuan/ton on the night of the 26th, marking a 5.39% decrease by the 25th at 09:47.