SMM

Last week, the SS contract fluctuated. As of May 17, it closed at 14,370 yuan/mt (up 260 yuan/mt or 1.84% from the previous trading day, up 80 yuan/mt WoW from 14,290 yuan/mt). Stainless steel prices first fell and then rose. Last Monday to Wednesday, the SS contract continued to dip slightly amid faltering transactions.