Resolves YES if the published stainless steel price index or official price quotations from major Chinese stainless steel producers or industry associations report stainless steel prices above 4000 yuan per tonne on May 1, 2026. This market reflects the impact of Indonesia's nickel ore quota cuts on stainless steel production costs, as nickel is a key alloying element. Prices near this threshold indicate significant cost pressure and supply constraints in the nickel-dependent stainless steel sector. Only spot or contract prices for stainless steel products (e.g., 304 grade) count; scrap or unrelated steel prices do not. Data sources include industry price reports, China Metals Market, or equivalent authoritative market publications.

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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