This week, both spot and futures prices of stainless steel in China rose. Coupled with the LME nickel price returning to a high point and the Indonesian government reducing nickel ore quotas, market analysts speculate that PT Indonesia Tsingshan Stainless Steel may be planning another round of price increases.
Taiwanese distributors pointed out that there were already two rounds of price increases last week, and another in early December, with a total increase of US$90/ton. The current trend is too rapid and strong.
In addition, futures prices in China have already risen by CNY 1,000/ton since the beginning of the month. Therefore, Taiwan’s upstream stainless steel mills are likely to raise prices even further for January 2026.