LME bulls push prices up on the electric vehicle story, then a surge in Indonesian ore export permits push them back down again. A weaker Chinese stainless market partly reflects increasing stocks due to imports from Tsingshan Indonesia, where a second 1 Mtpa line is in ramp up mode. A third line is due to start in 2018. That alone should be good for nickel demand and prices. But, as exports of this new stainless to China and around the world increase, so less competitive stainless steelmakers threatened by this new product entering the market may be forced to reduce output.