LME Nickel Price Continued the Downtrend after Hitting Six-Year Low

  • Friday, April 10, 2015
  • Source:ferro-alloys.com

  • Keywords:nickel, nickel price
[Fellow][Ferro-Alloys.com]LME nickel price hit a six-year low on April 1, 2015, and then rebounded during the week. The price continued to fall in the following week.
[Ferro-Alloys.com]LME nickel price hit a six-year low on April 1, 2015, and then rebounded during the week. The price continued to fall in the following week. The LME nickel is currently traded between 12,000 and 13,000. The price continued the downtrend dated from the beginning of 2014, which was disturbed by the Indonesian export ban of unprocessed minerals. The price seems hardly to rise amid the history high LME stocks and weak demand.
 
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