Nickel prices expected to move firmly
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Update time : 2020-11-04 18:52:06
The current monthly average LME nickel price is higher than that in the previous month. The future nickel price was still constrained by the COVID-19 epidemic and fewer transaction volumes of stainless steel in China.
However, the tighter supply of Indonesian ferronickel and higher costs of nickel ore was expected to a backup for nickel prices.
According to the current market condition, the short-term nickel price will be weaker due to macro factors, while it was expected to move firmly due to uncertain supply.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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