Resolves YES if the official stainless steel price index or published stainless steel contract prices in China exceed 4500 yuan per tonne on May 1, 2026. Resolution data should come from authoritative industry price reporting services such as Mysteel, SteelHome, or official Chinese steel industry publications. Indonesia's recent nickel ore quota cuts have tightened nickel supply, a key input for stainless steel production, causing price pressures. This threshold is near current price levels adjusted for expected supply constraints and cost pass-through by stainless steel producers. Only spot or contract prices for standard stainless steel products count; scrap or alloy-specific prices do not count.

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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