LME’s nickel price breaks $16,000/ton threshold
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Update time : 2020-11-23 19:34:07
According to the market price of nickel in the London Metal Exchange on November 20th, the price faced dramatically decline around noontime even touched the bottom of US$15,775/ton.
However, the price started to rebound strongly after that, reached US$16,150/ton at the closing price, increased by US$300/ton from the previous trading day.
Based on the strong nickel price, the market was optimistic about the price of stainless steel in the future and might get strong support.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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