LME’s nickel price stimulated by decreasing inventory
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Update time : 2021-09-16 18:51:05
According to the market of nickel on the London Metal Exchange, the inventory level decreased by 0.76% on a trading day, came to around 174,300 tons.
Nevertheless, the strong market future demand for automobiles and stainless steel both supported nickel prices to remain strong.
On September 15th, the nickel futures price on the London Metal Exchange came to US$20,016/ton, increased by approximately 2% on a trading day.
