LME nickel price soars over $26,000/ton to 5-month high
Views : 130
Update time : 2022-11-11 17:18:53
All kinds of basic metals on the London Metal Exchange (LME) rose sharply on November 10, stimulated by the market, with nickel futures rising the most, up by 5.58%. As a result, the closing price of nickel futures came to US$26,130/ton on the 11th, breaking the high since June 21 this year.
However, the economic downturn weakened the demand for raw materials, leading to a drop in prices for the past half year. Inspired by the market confidence of the US stock market soaring yesterday, nickel futures also rebounded vigorously, breaking through a 5-month high.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
