These past few days, PT Indonesia Tsingshan Stainless Steel abolished the price fluctuation policy and raised its offers. This move provided some support to the market, boosting the Chinese futures market and causing a slight increase in spot prices. 

Industry participants consider that the market recovery is primarily due to the combined positive impact of rebounding futures prices and steel mills' pricing stance. 

In the Taiwanese market, with several weeks of holidays ahead and market expectations of a price reduction in November, buyers are generally more cautious. Local distributors also mentioned that there is still room for negotiation under official quotation terms. Most buyers are awaiting the new rate next week before evaluating their purchasing strategies.