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.
