Tag: futures market impact
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China: Stainless steel prices rise in Feb as futures market strengthens
May contract on SHFE gains RMB 140/t w-o-w Stocks at SHFE warehouses drop 13.8% w-o-w Mysteel Global: China’s stainless steel market gained momentum in February after a slow start to the year. According to the National Development and Reform Commission (NDRC), the rebound was driven by improvements in the futures market, which helped boost spot…