Resolves YES if the official stainless steel 300 series price, as reported by Huaxin or a comparable authoritative steel market price index, exceeds 25,000 yuan per tonne on April 1, 2026. This market evaluates the price level on the settlement date, not before. The 300 series price recently rose by 2,000 yuan/tonne in March 2026 due to Indonesian nickel ore quota cuts causing nickel cost pressures, with current prices near 23,000 yuan/tonne. This threshold is set near expected price levels given ongoing raw material cost inflation and supply constraints impacting stainless steel producers. Only the base stainless steel 300 series price counts; premiums or discounts for specific grades or delivery terms 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.
Source: Article
1,000The Indonesian reduction in nickel ore RKAB quotas has prompted stainless steel producers, such as those for the 300 series, to increase prices—reflecting supply-side pressures. With the quota cut potentially tightening nickel supplies, expect upward movements in stainless steel prices. Our current trade position places a YES on exceeding the strike price. Read the article's detailed analysis.