The stainless steel futures market recently showed a stable rising trend, the main contract off the low point, closing at 14,395 yuan/ton, an increase of 0.63%. Jiangsu Wuxi 304 cold rolled 2.0mm stainless steel prices remained stable, the major manufacturers did not see significant fluctuations. The total social inventory of stainless steel 89 warehouse caliber in the national mainstream market was 1.115,600 tons, down 3.95% from last week, of which cold-rolled stainless steel inventory fell 0.99% and hot-rolled stainless steel inventory fell 8.41%. Less arrivals in the market, coupled with the impact of the price increase atmosphere, traders replenish inventory on demand, and some terminal goods are stocked before the holiday, resulting in the digestion of the national stainless steel social inventory. On the supply side, the overall stainless steel production increased slightly in April, and the 300 series decreased slightly. The demand side of the market demand has improved, nickel pig iron is supported by the cost of the mine side, the raw material procurement demand continues to exist, and the transaction price shows a rebound trend. Stainless steel futures stocks fluctuate around 160,000 tons, with a negative basis. Investors need to pay attention to changes in the supply and demand of the stainless steel market, especially in the context of good spot demand and continuous decline in inventory, stainless steel futures price trends. If the spot demand continues to be positive feedback, and the linkage rhythm of industrial products remains consistent, the stainless steel futures market may usher in further upward space. Short-term investors need to be alert to market fluctuations, pay attention to the resistance near the former high, and adopt flexible and diversified trading strategies.