Last week, after a significant increase in LME nickel prices, Chinese stainless steel futures prices fluctuated with an upward trend. However, in the Taiwan market, only a few coil center mills purchased small quantities on demand.

It was worth noting that the price of nickel in the LME has risen. After Indonesia's Tsingshan raised its export quotation by approximately US$10/ton last week, there was no significant increase further, but the willingness of Taiwanese steel mills to purchase has increased slightly.