How should Chinese stainless steel pipe manufacturers make decisions? October 22, 2025 Market Information: Nickel green in the stainless steel market, with stainless steel futures showing a unilateral rise. After some volatility at the opening of the morning, the market rebounded and reached a high of 12,730 before retreating in late trading. The market closed in the afternoon at 12,710 yuan/ton, up 45 yuan/ton, or 0.36%, from the previous afternoon’s closing price. Futures prices remained strong, holding above the 12,700 mark, but spot prices weakened after the surge. While there was some aggressive buying in the morning, the market saw some quiet afternoon trading with slight fluctuations at the high level. There was some activity before the close, with some trading in standard-sized stocks, but the market closed with a near-silent finish.

In the morning, the 304 cold-rolled steel market remained flat at the Qingshan agency. Traders were somewhat flat this morning, with some raising prices by 20-50 basis points to chase higher prices. Delong maintained some prices at 12,600 basis points, while others moved to 12,620-12,650 basis points. Qingshan Yongwang rose to 12,680 basis points, while Shangke and other companies moved to 12,700-12,750 basis points. Trading quieted after the upward trend, with Delong returning to some prices between 12,600-12,630 basis points. In the afternoon, Delong Duoka was selling at 12,600 basis points, with the highs dropping 10-30 basis points to 12,620-12,630 basis points. Qingshan also mostly returned to around 12,700 basis points, but the results were poor, with quiet trading and difficulty in shipping throughout the day. 304 hot-rolled steel prices were mostly maintained at high levels by agencies and traders, with average trading. Later in the day, some offered discounts of 20-30 basis points to facilitate transactions.

201 hot-rolled steel Qingshan agents maintain orders at 6900, and the market is mostly flat, with some deals offered at discounts of 20-30. Cold-rolled steel agents and traders mostly wait and see at yesterday’s high level, with some still chasing higher prices of 20-50. However, with market prices high, even some late discounts of 20-30 are difficult to close, and the market is mostly operating with prices but no demand.