Resolves YES if the average stainless steel price, as reported by major Chinese stainless steel market price indices (e.g., Mysteel or Shanghai Futures Exchange data), exceeds 4500 yuan per tonne on July 1, 2026. This threshold reflects the impact of Indonesia's nickel ore quota cuts on stainless steel producers' costs, which have led to recent price increases. The market captures cost pressures from nickel feedstock constraints affecting stainless steel production, particularly 304 and 400 series grades. Prices must be spot or official settlement prices on the exact date; futures or off-market quotes 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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