The world prices for nickel rose consistently last week. Nickel futures on the LME rose over $200 last Friday (January 21) to an 11-year high of $24,000/t. At the same time, market stocks monitored by the LME fell to 93,480 tonnes.
Nickel prices rose five consecutive weeks as market inventories continued to decline and market demand in China increased.
Nickel futures on the LME fell only on the first day of trading. LME futures rose $233 to close at $24,028 a tonne on May 21st. At the same time, spot prices rose $244 to close at $24,320/t.
Nickel prices as a whole rose 8.3% last week, rising by $1,834, reaching five straight weeks of price growth.
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- 12 April 2024
09:52 EU steel demand to recover in 2025 - Worldsteel - 05 April 2024
12:40 Liberty's European division is headquartered in Vienna - 01 April 2024
12:51 The number of electric vehicles in Kazakhstan has increased ninefold over the year 12:37 Liberty Czestochowa is preparing to resume production - 27 March 2024
11:38 Ferrexpo faced restrictions on the corporate rights of Ukrainian subsidiaries - 24 March 2024
12:16 Kazakhstan opened a national pavilion at a mining conference in Toronto 11:53 Russian coal imports to China plummet due to import taxes - 18 March 2024
14:06 Voestalpine to sell German special steel division
Publications
27.04 Household dehumidifiers in the Osushiteli online store 27.04 High-quality steel reinforcement at an affordable price from the company SAVVATS 25.04 Where to buy a power bank wholesale in Ukraine 23.04 Finoko Company: Global Reporting System 23.04 About the need to purchase accessories for a smartphone
