China's domestic and export prices for stainless steel kept rising over the past week on steady local end-user demand and nickel gains.
The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday June 30 at $18,440 per tonne, up by $571 per tonne from $17,869 per tonne a week earlier."My customers were actively booking the product over the past week because they are worried that a stronger nickel market might push up prices for stainless steel further," a trader in Wuxi...