Along with the upward nickel price and China's stainless steel futures rebound, Asia’s cold-rolled stainless steel market price did not further drop but turned stable. Taiwan’s market is getting steadier for export market offers as well.

The disastrous fire in Hong Kong is also expected to bring up the reconstruction expectation for stainless steel demand.

LME nickel and China's nickel pig iron prices are also turning more stable. However, the demand did not see a significant pickup. In the short term, the stainless steel price would be in a slightly up-and-down trend in Asia.