To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Nickel Futures Rebound in Late June
LME Nickel traded close to $18,000 in late June, after rebounding from an over 3-week low earlier this month, on signs of a tightening nickel market. On the demand side, Chinas import premiums for full plated nickel cathodes, which measures the arbitrage window between Shanghai and London, jumped more than 10% in the week ending June 22nd. On the supply side, operations at Vales nickel mine in Sudbury, Canada, remained stalled after an unsuccessful 2nd round of negotiations with its unionized workers. On the data front, the nickel market has shown a tightening trend the past month, as 30 day LME nickel warehouse stock levels dropped by 12,618 tons between May 24th and June 21st. [/s2If]
Join Our Telegram Group