BEIJING: Chinese stainless steel futures dropped on Wednesday to their lowest in more than three months, dented by sluggish downstream demand and easing raw material prices.
The most actively traded stainless steel on the Shanghai Futures Exchange, for January delivery, was down 3.6% at 16,180 yuan ($2,546.91) a tonne, as of 0312 GMT. Earlier in the session, it fell as much as 4% to 16,120 yuan, the lowest since Sept. 2.
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