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Stainless Steel (SS) futures are relatively stable with fluctuations, and spot prices are temporarily steady.
The SS futures market shows a trend of stable operation with narrow fluctuations. Recently, the overall volatility of non-ferrous futures has narrowed, and the SS futures market has also maintained a stable trend. During the night trading session, prices briefly rose to 13,910 yuan/ton, then pulled back after the opening in the morning, subsequently returning to a stable trading channel, and finally closing at 13,825 yuan/ton. In the spot market, due to the narrowing of futures volatility and the approaching Chinese New Year holiday, most traders have already entered a state of suspension, resulting in very few transactions. Prices are temporarily mainly stable. (SMM)