China’s stainless steel futures for June hit new 9-month high
According to the report, China’s stainless steel futures for June rose on May 11th, which also hit a 9-month new high, mainly because of the resuming domestic demand after the COVID-19 situation had been controlled.
The stainless steel future contracts on the Shanghai Futures Exchange for June had increased by 4%, which was also a new high since August 1st.
Moreover, the main nickel miners in the Philippines had resumed their shipping operation from this month, but the supply was still lower than the previous years’ level.
