Nickel prices began to rise

Recently, suppliers and manufacturers of Nickel have good news: for the first time in a long time, prices for this raw materials began to increase. So, according to the results of trading on the London Metal Exchange (LME), which passed on January 17, 2014, the price of one ton of cash nickel reached the mark of $ 14,595. At the same time, the rates for Nickel with a three -month supply rose even higher - to 14,635 US dollars.

All this was accompanied by a significant increase in the demand for nickel, thanks to which the reserves of these products in LME warehouses finally began to melt. The same was observed on other similar storages. The reason for the incident was the ban on the government of Indonesia on export of non -enriched nickel ores obtained in the territory of this state.

If we take into account that Indonesia is one of the main suppliers of not enriched nickel ore to the world market, the scale of this event becomes obvious. Moreover, not for everyone the results of the latter will be good. For example, for Chinese manufacturers of nickel -containing cast iron (NPI), the ban on the Indonesian authorities will result in a decrease in production volumes and, accordingly, financial losses.

Nevertheless, in general, for the market, the ban on the Indonesian authorities will be a good event. So, manufacturers and most nickel processors will receive additional profit. In addition, consumers of stainless rental, the production of which takes a significant part of Nickel mined in the world, will become more actively purchasing the products they need.

At the same time, it is not surprising that metal traders will benefit from what happened. In particular, they will be able to sell products accumulated in warehouses, and thereby significantly increase their income. Therefore, the ban on the supply of unbogged nickel ore from Indonesia is a positive sign.