China's stainless steel futures market reversed its trend and strengthened last week, returning to the CNY14,000 mark. The spot market also rose slightly. Despite weak market demand, there are expectations for production cuts in July, suggesting a potential short-term volatility.

Steel mills reported limited arrivals and price growth trends were evident. Traders are active in the promotion, which eases social inventory pressure. However, the market's wait-and-see attitude persists.

Market participants noted that during the off-season, it is challenging for demand to increase significantly, and the overall supply remains loose. With expected production cuts in July, the pressure on market arrivals may ease. Additionally, strong cost support from nickel-iron suggests that stainless steel will experience a volatile trend in the short term.