Resolves YES if the average stainless steel price in China exceeds 4500 yuan per tonne on April 1, 2026, as reported by authoritative industry price indexes such as Mysteel or Metal Bulletin. This market reflects the impact of Indonesia's nickel ore quota cuts, which have tightened nickel supply and pressured stainless steel producers to raise prices. The threshold is near current price levels adjusted for expected supply constraints, making the outcome uncertain. Only spot or average prices for standard stainless steel grades (e.g., 304 or 316) count; futures or unrelated steel products are excluded.

Indonesia's reduction in nickel ore RKAB quota has caused stainless steel producers to raise their prices, indicating potential cost pressures and supply constraints affecting nickel-dependent sectors.

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