Tsingshan increased stainless steel prices by $50/t on 15 Apr’26, following Indonesia’s revisions to its nickel ore benchmark pricing (HPM) formula, after an earlier $25/t hike for Taiwan. The move lifted sentiment across China’s spot market, while LME nickel rose to around $18,200/t. Rising raw material costs continued to support prices, though market focus remains on whether downstream demand can absorb further increases.
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