Industry News

Fluctuations in nickel prices make stainless steel market nervous

Views : 180
Update time : 2021-09-14 20:43:38
LME nickel price hit a 7-year high to US$20,500/ton last week due to supply shortage. The demand for electric vehicle batteries and stainless steel significantly increased. LME inventories continued to decline, which led to a shortage of nickel.

LME nickel price was over US$20,000 last week, greatly boosting the stainless steel market performance. However, it fell by 3% yesterday (September 13), triggering the traders’ concern about the unstable stainless steel market.

Regarding the fluctuations in the LME nickel price, whether there are people who intervene artificially, has attracted the market’s attention.
Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics