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China's stainless steel prices rise
Benefiting from eased US-China trade tensions and Philippine planned nickel export restrictions, China's stainless steel futures and spot prices have continued their upward trend after the Labor Day holiday. The surge in futures encouraged market restocking.
While nickel prices have also increased, other alloy material costs remain stable. Chinese distributors noted improved market sentiment due to the slight easing of US-China relations, though end-user demand is yet to recover.
While nickel prices have also increased, other alloy material costs remain stable. Chinese distributors noted improved market sentiment due to the slight easing of US-China relations, though end-user demand is yet to recover.
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