Recent geopolitical actions, including US and UK sanctions on Russian raw materials, have significantly disrupted global supply chains for nickel, a critical component in stainless steel production. These disruptions, coupled with operational challenges in key production regions like Indonesia, have influenced Chequered Plate prices across various markets.
Germany has recorded a notable x.xx increase in Chequered Plate prices, reaching USD xxxx per metric ton FOB Hamburg, till the mid of June xxxx, which is likely to remain the same in the remaining month. This rise is largely attributed to the constrained nickel supply and robust industrial demand. In contrast, Chequered Plate prices in the USA decreased by x.xxx, settling at USD xxxx per metric ton DEL Texas, reflecting weaker demand in the construction sector.
In China, Chequered Plate prices rose by x.xxx, now standing at USD xxxx per metric ton Ex Tangshan in the first half...
