Nickel Can’t Hold Weekly Surge as Supply Cuts not Enough
Nickel failed to sustain the biggest weekly rally since October on speculation supply cuts still aren’t enough to erode a surplus. |
Nickel Ore Price slipped without Strong Demand (Jan 18th-Jan 22nd)
In domestic market, low-grade nickel ore 0.9-1.1 was traded at 120 yuan/t, up 20 yuan/t compared to last week; middle-grade nickel ore 1.5 was quoted at 200 yuan/t; high-grade nickel ore 1.8 was quoted at 310 yuan/t, up 20 yuan/t. In the international market, ... |
Steel Makers’ Inquiries Improved and Ferronickel Price Went up Slightly (Jan 18th-Jan 22nd)
Last week ferronickel price advanced as a whole. Low-grade ferronickel 1.6-1.8 was quoted at 1650-1670 yuan/t, up 20 yuan/t compared to last week; middle-grade ferronickel 4-6 was quoted at 710-720 yuan/nickel, up 10 yuan/nickel; middle-grade ferronickel 6-8 w... |
Nickel Price Rebounded Slightly with High Stockpiles (Jan 18th-Jan 22nd)
Nickel price rebounded a little last week, but its stock tracked by LME still stayed at the high level which means that the nickel market still need time to recover. |
Norilsk Nickel Sees Metals Prices Staying Low over Medium Term
Global metals prices are likely to remain low in the medium term as it could take years for producers to run out of financing for loss-making assets, the deputy CEO of Norilsk Nickel, the world’s No 1 nickel and palladium producer, told Reuters. Prices for ni... |
Nickel Leads Gains in Most Industrial Metals amid China Rebound
Nickel led base metals higher in London, rebounding after two weeks of losses prompted by concerns over financial turmoil in China, the biggest consumer of commodities. Metals benefited from gains in equity markets and the currency in the Asian country on Mond... |
Stubborn Bulls See Nickel Swinging to Best Metals Bet in 2016
This year will be different. That’s what some analysts are saying about the price of nickel, a metal used in making stainless steel that was supposed to surge last year but instead plunged to a 12-year low. While the Slump of 2015 has continued this month, th... |
Half of Global Nickel Oversupply Shrunked in the First Eleven-Months 2015
As reported, International Nickel Study Group announced on Tuesday that global nickel oversupply shrunked 50% to 53200t from Jan. 2015 to Nov. 2015. |
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