Industry News

LME nickel price stabilizes on recovered demand

Views : 143
Update time : 2022-04-13 19:51:16
The LME nickel futures slightly hiked by US$5 yesterday (April 12), closing at US$32,488/ton. The spot price slid by US$15, reaching US$32,453/ton.

The nickel price has climbed by US$381 in total this month, and the spot price has risen by US$360 so far.

Meanwhile, LME’s market inventory of nickel fell by 222 tons yesterday, coming to 73,230 tons. The increase in April has amounted to 660 tons.

According to market participants, the current demand is weak due to high nickel prices and China’s epidemic. However, China’s stainless steel futures and the spot market transactions have rebounded, and the nickel inventory remains at a low level during the Russia-Ukraine war, which show a recovered demand and will back nickel prices in a short term.
Related News
Read More >>
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
May .29.2025
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
May .29.2025
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
May .29.2025
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL
May .29.2025
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL