Nickel price stimulated by easing US-China competition
Views : 196
Update time : 2021-09-13 21:20:43
According to the market news, the nickel 3-month futures price showed a strong increase on September 10th, mainly stimulated by the phone call between President Biden and President Xi.
The presidents of the US and China did hold a phone call on September 10th, which was the first time within the recent 7 months, most of the market participants believed it would be quite helpful to both countries to rebuild the relationship.
For this year, the nickel consumption prediction came to 2.8 million tons, with an around 17% increment from last year, and the future demand still sees strong.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
