Global nickel market in 27,400 metric ton surplus in June -INSG
The global nickel market had a surplus of 27,400 metric tons in June, compared with a surplus of 16,200 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Monday. |
Bofa cuts nickel price forecast to $22,063/t in 2023
Bofa cuts nickel price forecast to $22,063/t in 2023 ($23,222/t preciously); 2024 forecast unchanged at $21,250/t. |
Nickel prices to weaken on market surplus: Australian government
Nickel supply surplus over the next two years will keep nickel prices lower, according to the Australian government’s latest Resources and Energy quarterly report. The LME nickel price, which is forecast to average about USD23,000/mt in 2023, respectively USD... |
Russian Nornickel expects primary nickel demand rise to 3.35mn t in 2023
Russian Nornickel expects primary nickel demand rise to 3.35mn t in 2023. |
China’s nickel premium prices remain stable
A high backwardation continued to dampen import appetite, leading to thin liquidity, although offers were quoted higher. |
United States nickel premiums flat this week
Fastmarkets sources continued to insist that prices were in parity, as rare as the phenomenon is. |
Europe premium ranges for nickel metal remain wide
At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%. |
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