Stainless steel price stimulated by strong global nickel price
According to the market of stainless steel, some of the market participants believed that the stainless steel plat price for next month would continue to grow, stimulated by the strong nickel price in the world.
For nickel futures price, it has touched to US$21,000/ton recently, which was a new high in the last 7 years, and it still on the level of US$20,000/ton recently.
Based on that, many of the market participants mentioned that the stainless steel price would rise for sure, and the range might be over the market’s expectation.
