As Reuters observed, the much greater market for stainless steel still remains the main driver for nickel demand and, hence, price.
Stainless steel output tumbled 8% in the first quarter, Reuters reported, citing International Stainless Steel Forum (ISSF) data.
Overproduction by Chinese stainless steel producers fighting for market share might mitigate the nickel hit, but only at the expense of a build in stocks further down the chain, Reuters suggests.
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?
