INSG: Global nickel faces oversupply in Mar
Views : 308
Update time : 2020-05-21 22:45:32
According to the news from the International Nickel Study Group (INSG), it mentioned the global nickel supply and demand gap in March of the world might narrow to 14,000 tons, lower than 15,700 tons in the previous month.
In the first three months of this year, the total supply of nickel had higher than demand with a gap of around 45,700 tons in the world, which showed an oversupply situation.
Different than this year, in 2019, the supply was lower than the demand in the first quarter, with a gap of 16,200 tons.
