According to the market news, most of the stainless steelmakers in the US decided to flat their price for November, mainly caused by the high material price since the nickel export ban policy had announced by the Indonesia government this August.

Moreover, some of the nickel miners in the Philippines also announced to shut down their miners, plus the demand was expected to grow in the future, which all pushed the nickel price to a high level.

However, as the global atmosphere was covered by the uncertainty factor, most of the buyers still wait and see, just ordered the minimum needs.