When it comes to the nickel price, some people say this will affect market prices of 300 series, some say no.
Frankly speaking, nickel price does matter as 200 and 300 series are all contending certain percentage of nickel.
However, prices of raw material do not only adjust by only one single index. Somehow, we can discuss about this topic on the other day.
Let’s focus on will stainless steel price continue increasing? There’s great possibility to support market price carrying on increasing. As Chinese government starts to limit the electricity usage during certain time zone of a day, which forces mills and factories to turn low the volume of production, this directly lead the production cost increase, besides, current market stocks are not complete, there are quite several factors to stimulate market demand and price index.
Lastly, we marked the yellow line on LME Nickel price chart, this yellow line shows us the nickel price still has sufficient space to increase back to annual line, which means current market situation has great possibility to tend to increase continuously.
Take your time to make the order, it’s always great to catch up the good time, don’t miss your shot and have a nice day.
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