LME nickel stock decreased by 576 tons to 53,418 tons.
According to the market participants, when US inflation decreased, also US dollar decreased.
China's stainless steel futures recovered, but market demand was not strong ahead of the Spring Festival holiday. Therefore, nickel prices have declined somewhat and remain stable.
China is trying to balance its automobile consumption, therefore, the short-term nickel price is expected to remain volatile and increase.
Comments
No comment yet.