On June 6, 2025, 304 cold-rolled stainless steel prices in the Foshan spot market remained unchanged among major Qingshan agents, while traders’ quotations were mixed—some remained stable, while others saw a drop of RMB 50/ton. For hot-rolled 304, prices were largely held steady from the previous day, as market participants continued to observe with caution.
For Grade 201 stainless steel, hot-rolled prices generally maintained the adjusted levels set on the afternoon of June 5. Cold-rolled prices were mostly flat, with some traders applying further reductions of RMB 30–50/ton. Additionally, some futures orders were priced RMB 20–50/ton below spot market rates.
In the 430 series, cold-rolled products dropped by RMB 50–100/ton, and hot-rolled by RMB 50/ton. As the day progressed, some high spot prices softened by RMB 20–30, moving closer to the low-end of the market. However, with a rebound in futures prices, low-priced spot resources became noticeably scarce.
Wuxi Market Overview
On the same day in Wuxi, 304 cold-rolled and hot-rolled stainless steel prices remained largely unchanged. However, overall spot market demand was weak, and as futures prices declined again, erasing the previous day’s gains, market confidence turned increasingly cautious. Buyers adopted a wait-and-see approach, leading to limited transactions throughout the day.
In the 201 segment, cold-rolled prices were reduced by RMB 50–100/ton in the morning session, while hot-rolled prices dropped by RMB 50/ton. Although prices stabilized in the afternoon, market sentiment remained pessimistic, with downstream customers continuing to delay purchases, focusing only on essential needs.
