LME nickel price slides on Sep 13, maintaining at $24,200/ton level
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Update time : 2022-09-14 22:20:23
The LME nickel price dropped by nearly US$300 yesterday (September 13) but still stood above US$24,200/ton.
Due to the increased nickel price, the market transaction was low recently. The nickel price dropped yesterday, but it was still at a new high since June 23.
The nickel price has risen by US$3,524 or 17% so far this year. The monthly average nickel price has reached US$22,074/ton since September, similar to the average price in August.
The LME nickel inventory continued to decrease on September 13, dropping by 132 tons to 53,400 tons, with a cumulative decrease of 1,212 tons so far this month.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
