11
Oct
08:29
Tsingshan snaps LME nickel to avoid short supply
China's top stainless steel producer, Tsingshan Group, is considered to be the major player in recent movements in the nickel market, Kallanish notes.
Nickel inventories on the London Metal Exchange (LME) have continued to decline, reaching 102,696 tonnes on Thursday, the lowest level since 2008. This has pushed up nickel prices on the LME. Its 3-months bids climbed to $17,605/tonne on 11 October, 67% higher…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous