DONG YU Market Radar 26.Oct.23
Stainless Steel Offers Adjust as Supply and Shipping
Risks Remain in Focus
October 23, 2026 | DONG‑YU Stainless Steel Enterprise Co., Ltd.
Stainless steel offers in China eased this morning following a pullback in nickel futures. Supply developments in Indonesia, continued production restraint at Chinese mills and reported weather-related port restrictions remain key factors for near-term pricing and delivery planning.
Market Snapshot
According to the morning market report:
Indicator | Reported Movement |
LME nickel | Down US$295 to US$15,995/MT |
SHFE nickel, main contract - overnight session | Down RMB 1,460 to RMB 120,870/MT |
304 cold-rolled stainless steel | Offers eased approximately US$10/MT |
304 hot-rolled stainless steel | Offers eased approximately US$5/MT |
Price movements are indicative market references. Actual quotations vary by specification, mill, availability and commercial terms.
Supply and Logistics Continue to Shape the Market
This week’s nickel-driven volatility has prompted frequent adjustments to stainless steel quotations. Today’s modest correction follows yesterday’s stronger offers, reflecting how quickly market sentiment can change.
On the physical supply side, the morning report indicates that Chinese stainless steel mills have maintained production restraint through October, while 300-series inventories have continued to decline gradually. These conditions provide some support for spot prices despite fluctuations in futures.
Reported temporary vessel movement restrictions at ports in Zhoushan and Fujian add a further logistics variable. Weather-related interruptions may affect incoming material and shipment schedules, with the impact depending on the duration of restrictions and individual port operations.
Meanwhile, proposed coordinated nickel production reductions in Indonesia remain a development to monitor. Their market impact will depend on confirmed implementation, scale and duration.
DONG‑YU’s Perspective
A daily price adjustment should be assessed together with material availability and delivery certainty.
For customers with confirmed requirements, we recommend reviewing quotation validity and shipment timing alongside the purchase price. Port conditions and production allocation can influence order execution even when headline market prices ease.
DONG‑YU supports customers with clear specifications, current supply options and coordinated shipment planning.
Share your required grade, finish, dimensions, quantity and destination port for an updated quotation and availability check.
DONG‑YU Stainless Steel Enterprise Co., Ltd.
Every Specification Matters.
Prepared from the October 23, 2026 morning market report. Market references are indicative; prices, availability and shipment schedules remain subject to final confirmation.
