Core Insights - The stainless steel market is experiencing a downward trend, particularly affecting the price of 304 stainless steel due to various factors, leading to a weak trading atmosphere [1] Price Trends - The main futures contract for stainless steel closed at 12,325 yuan/ton, down by 15 yuan/ton [1] - The spot market shows a decline, with the current base price for Delong falling to 12,200-12,230 yuan/ton, and futures dipping to a low of 12,150 yuan/ton [1] - Qingshan's resource pricing ranges between 12,250-12,400 yuan/ton, indicating a competitive pricing environment [1] Market Activity - Despite Qingshan's stable pricing, external bearish sentiment is causing traders to lower prices to stimulate sales, resulting in some specifications experiencing shortages [1] - The overall trading volume remains weak, with an increase in low-price quotes in the afternoon session [1]