Reportedly, Taigang Stainless, the largest stainless producer in China announced to raise its domestic prices for 304 and 430 grade stainless coils by RMB200/ton and RMB100/ton respectively for November deliveries, driven by rising nickel prices since September.
It's known that the nickel prices in three-month delivery averaged at US$ 17,272.75/ton, surging substantially by US$1,548/ton from the average prices of US$ 15,724.55/ton in August