Stainless steel market stabilises, nickel surplus persists
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Update time : 2023-03-15 17:13:54
In a reversal of last year’s performance, nickel prices in 2023 have been underperforming the other major base metals at the London Metal Exchange. Having started the year around US$ 31 000 per tonne, LME cash prices were trading below US$ 23 000 by early March. While inventories in LME warehouses remain tight at less than 45 000 tonnes, Class 1 LME stocks represent a declining share of the global supply chain.
