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Strong nickel price in LME & China

Strong nickel price in LME & China

Issue Time:2019-12-18
vinmay stainless steel news

Affected by the strong nickel price in recent days in London Metal Exchange (LME), the nickel price in China had also faced a strong increase.

The main reason for the positive trend of nickel price in these few days was caused by the first-stage agreement that had been made by both China and the US, plus the ban policy of nickel by the Indonesian government had been closer, which encouraged the nickel price to stand above US$14,200/ton.

Currently, the stainless steel market price in China was still stable, but the future price still needed to observe the future price of nickel in the world.