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LME nickel stock continues to decrease, but price declines-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
10/28/2019 彈簧展- Spring Industry Exhibition-Spring expo |
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Since September 30th, the nickel price on London Metal Exchange (LME) had dropped from 157,986 tons to 91,062 tons, totally decrease by 66,924, a 42% decrease.
However, although the stock had dropped 40% since earlier October, the price still kept decreasing, the main reason would be the low demand from the downstream.
As the ban policy from the Indonesian government had been announced, the supply worry pushed the nickel price skyrocket, but the future support still related to the market demand.
彈簧展-2020第二十一屆廣州國際彈簧工業展覽會-全球最大彈簧展會-巨浪展覽
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