China's stainless steel prices increased sharply in both the domestic and export markets over the week ended Wednesday December 17 on nickel gains, but the increases led buyers to scale down their procurement rates.
The three-month nickel contract on the London Metal Exchange ended Wednesday's official session at $17,429 per tonne, up by $910 per tonne from $16,519 per tonne a week earlier."My customers have sufficient orders of the products they need, so they will restart buying...