[SMM Analysis] Stainless Slips as Hawkish Fed Bets Outweigh a Tightening Warrant Picture

For the first time in weeks the pressure on Chinese stainless steel came from the macro rather than from its own fundamentals. The benchmark SHFE contract closed at RMB 13,990/mt (about $2,094/mt) on Friday, down RMB 190/mt (roughly $28/mt)
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