LME’s nickel price touches $16,000/ton on Nov 16

According to the market price in the London Metal Exchange (LME), the nickel closing price showed a decrease on November 16th, came to US$15,890/ton.

Although the market price showed a decline at the end of November 16th, the highest point did touch US$16,150/ton, which was a very high position.

By some of the views from the market participants, the stainless steel demand would further influence the price trend of nickel.