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Shanghai stainless steel futures hit record high on supply concerns

September 23, 2021    

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Chinese stainless steel futures scaled their daily trading limit on Thursday to hit an all-time high, as market watchers were concerned by ongoing supply constraints of the metal while downstream demand remains resilient. The most active stainless steel contract on the Shanghai Futures Exchange, for October delivery, surged 7% to 20,680 yuan ($3,214.87) per tonne.


Source: https://www.reuters.com/article/idUSL4N2QI0KK


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