The LME nickel price has closed the US$17,000/ton level currently. The average monthly nickel price this month has reached US$16,841/ton so far, US$1,033/ton higher than the figure in the previous month.

Due to the higher raw material costs, upstream steel mills were expected to raise their stainless steel prices by more than NT$2,000/ton for January 2021, but the actual price adjustment will still depend on the nickel price trend in the coming 1 to 2 days, according to market participants.