Stainless steel disk may have some upstream space.

In order to contain the aggravation of COVID-19 's epidemic, from March 20 to April 19, the Philippines temporarily banned foreign citizens and Filipino citizens returning to the Philippines (except overseas Filipino workers) from entering the country, which may affect the shipping efficiency of nickel mines, the resumption of shipments after the rainy season may be affected, nickel ore prices are under pressure or reduced, the bidding prices of Philippine nickel mines have declined in the previous period, and CIF prices have been lowered accordingly, and NPI is in a window for steel factory procurement. There has been no major adjustment in the price for the time being. The prices of ferrochromium and scrap stainless steel are weak and stable. On the whole, the cost of stainless steel raw materials has a downward trend in the short term. Statistics show that stainless steel production reached a monthly high in March, and stainless steel social inventory began to decline, the basis is in a high position, the disk may have some upward space, the fluctuation of the raw material side will still affect the price trend of stainless steel. The Philippine government announced on the evening of March 16 that the recent increase in novel coronavirus cases in the country has almost reached the highest level in August 2020. in order to contain the further aggravation of the COVID-19 epidemic and the entry of new COVID-19 virus variants, from March 20 to April 19, the Philippines will temporarily ban foreign citizens and Filipino citizens returning to the Philippines (except overseas Filipino workers) from entering the country. This policy may have an impact on the shipping efficiency of nickel mines.