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Nickel prices finally picked up in April
2020-4-14

Nickel prices finally picked up in April and continued to rise again after LME nickel successfully repaired the 11000 mark. When the nickel price broke through the rise, the domestic stainless steel market finally broke out and took advantage of the rising trend. First, some steel mills began to close their plates to wait for the rise, and then the market rose one after another. Driven by favorable conditions, the waste market transactions have rapidly warmed up. With the demand of large steel mills intervening, manufacturers in the industry have become more active in their operations, chasing up prices one after another to facilitate the delivery. At present, there is a tight supply of waste materials, and then there may be a short-term supply gap with more prominent demand value.

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