FOCUS: Steady Chinese demand, nickel price gains supporting Asian stainless steel market

摘要

Stainless steel prices in Asia are set to remain supported in the near term amid improved domestic demand in China and a surge in nickel prices following news of Indonesia’s plan to ban the export of ores, including that of nickel, by 2022. “My customers have stepped up their purchases of stainless steel, having limited their procurement rates earlier this year,” a Wuxi-based trader who sells to the domestic market in China said. A strengthening of demand from the white goods segment is apparent.