Macquarie : Global Nickel Market is Expected to be Oversupplied 15000 Tons This Year

  • Wednesday, August 19, 2015
  • Source:ferro-alloys.com

  • Keywords:Nickel
[Fellow]Australian investment bank Macquarie on August 17 announces to adjust its global nickel market supply and demand forecasts for this year, the global nickel market is expected to be 15,000 tons this year.
Australian investment bank Macquarie on August 17 announces to adjust its global nickel market supply and demand forecasts for this year, the global nickel market is expected to be 15,000 tons this year.
 
In early reported, Macquarie expected global nickel market in short supply of 30,000 tons in 2015. 
 
In fact, stainless steel demand is consumed about 2/3% of total global nickel, and 
the demand for nickel in stainless steel industry is expected to grow 2.4% per year, which is 4% higher than Macquarie's previous expectations of growth.
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