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.
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi):
14,000-14,900 yuan ($2,143-2,281) per tonne, up 700 yuan per tonne from a week earlier
Market participants still have a positive outlook for the stainless steel market, at least up till the Chinese New Year in February, though demand has weakened in the past week.
“My customers have sufficient orders of the products they need, so they will restart buying...