Fitch Ratings sees higher nickel prices in Q3
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Update time : 2022-06-17 21:09:35
Fitch Ratings, a leading provider of credit ratings in the world, predicted that nickel prices will be driven by higher demand boosted by the Chinese government’s stimulus policy and disruptions of Russian nickel supplies and will rise in the third quarter of this year.
The credit rating agency maintained its price forecast of nickel at US$27,500/ton this year, but there were still downside risks as China's epidemic lockdown measures had restricted economic activities.
Recently, nickel prices have hit a record high since the outbreak of the Russia-Ukraine war at the end of February due to eased epidemic in China and a slowdown in downstream industries’ demand.
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