Decreasing nickel inventory makes nickel prices rise
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Update time : 2022-07-12 21:59:32
The global prices of nickel have increased for two consecutive trade dates. On July 11, nickel futures prices at the London Metal Exchange (LME) increased by US$258 and closed at US$21,839/ton.
The global refined nickel inventory stayed at a low level, so the nickel market gradually transferred to be optimistic, further making nickel price resume to the normal level.
However, the demand for nickel was still soft. As a result, nickel prices will still slightly fluctuate in the short term.
