Nickel price rebounds by resuming stainless production in China
Time:Fri, 08 Oct 2021 08:30:51 +0800
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According to the London Metal Exchange (LME)’s market price of nickel on October 7th, the futures price of nickel showed an around US$200/ton increase, reached the class of US$18,200/ton.
Among them, the main reason for the strong nickel price was caused by the resuming stainless steel production activities by many mills in China, which stimulated the demand for nickel.
Moreover, the inventory of nickel showed a decrease on the same day, with a decrease of 1,452 tons, which came to 151,728 tons.
