According to the market on March 15th, the future price for nickel in the London Metal Exchange (LME) has increased by roughly US$200/ton, which came near to US$16,200/ton.

Among them, the increase was benefited by the strong economic growth in China and the US, which caused the market to turn optimistic to the future market demand.

Moreover, the inventory level for nickel on March 15th showed a decline, coming to around 260,000 tons, also positive to the market price of nickel.