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The imported Nickel for stainless steel
  • 2018-06-03

This is Congshine(Shanghai) metal material co.,ltd. Now let us share china stainless steel news with you.

LME prices fell to 9000 from 1st May 1 to 25th May in the early month. Then It stopped and maintained price fluctuations around $400. The inventory change is also small. But it has increased significantly at the end of this month. As for domestic nickel iron prices it fell again.  And the low-grade size nickel iron filling fell is also big. The high grade nickel stainless steel prices was affect smaly in short-term. nickel prices are largely driven by low grade nickel stainless steel prices in anticipation of a weaker nickel prices overall shakeouts. The imported Nickel  maintain overall losses. And the imported Nickel losses expand once more. Therefore, the import is already obvious inhibition at present.  The supply of refined nickel is hardly to increase mental from the previous month, while the demand is increasing, so the general direction of nickel is flill bullish

Source:Congshine

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