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  SS Futures Upward Momentum Narrows, Stainless Steel Spot Prices Remain Stable [SMM Stainless Steel Daily Report]

  [SMM Stainless Steel Daily Review: SS Futures' Upward Momentum Narrows, Stainless Steel Spot Prices Remain Stable] SMM December 3: SS futures showed a weak and fluctuating trend. SHFE nickel futures experienced a slight correction today. Given the already weak fundamentals of SS futures, they followed suit with a correction, though intraday fluctuations were relatively small. On the spot market, earlier strength in SS futures led to a notable recovery in spot transactions at the start of the week, accompanied by price increases. However, as futures lacked further upward momentum, stainless steel spot transactions returned to sluggishness. Despite traders holding prices firm and futures temporarily stabilizing, spot quotations remained steady, though instances of discounted sales have increased. The most-traded SS futures contract traded weakly. At 10:30 a.m., the SS2601 contract was quoted at 12,455 yuan/mt, up 40 yuan/mt from the previous trading day. In Wuxi, the spot premium/discount for 304/2B was in the range of 315-515 yuan/mt. In the spot market, the average price for cold-rolled 201/2B coil in Wuxi was 7,950 yuan/mt; for cold-rolled trimmed 304/2B coil, the average price in Wuxi was 12,700 yuan/mt, and in Foshan, 12,700 yuan/mt; for cold-rolled 316L/2B coil in Wuxi, the price was 23,775 yuan/mt, and in Foshan, 23,775 yuan/mt; for hot-rolled 316L/NO.1 coil in Wuxi, the price was 2,300 yuan/mt; for cold-rolled 430/2B coil in both Wuxi and Foshan, the price was 7,600 yuan/mt. Recently, after the US Fed released dovish signals, 1…

• BC Copper 2601 contract edged up 0.34%, supply tightens supporting copper prices [SMM BC Copper Review]

• MMi Daily Iron Ore Report (December 3)

  Today, iron ore futures were in the doldrums, with the most-traded contract I2601 closing at 799.5, down 0.19% from the previous trading day. Traders sold goods following market trends; steel mills purchased as needed.

• [Ferrochrome Market Stable, Chrome Ore Prices Continue to Fall]

  [Market Review: Ferrochrome Market Stable, Chrome Ore Prices Continue Downward Trend] December 3, 2025: Today, the ex-factory price for high-carbon ferrochrome in the Inner Mongolia region was 7,950-8,100 yuan/mt (50% metal content), flat MoM from the previous trading day...

• Dongfeng Nissan launches N6 PHEV model with China-focused tech, pricing strategy

  Dongfeng Nissan put the N6 model onto the market on December 1, introducing the plug-in hybrid crossover with five trim levels and an aggressive price band that starts at 99,900 yuan and tops out at 1...