The contraction in base metal prices and related commodities, which have shown a declining trend since 2013, has accelerated in recent months thanks to a culmination of macro and industry-specific factors, prompting risk management firm Moody’s Investors Serv...

[Ferro-Alloys.com] Last month, affected by global economical turbulence, LME nickel price fluctuated fiercely and decreased. Until 28 August, nickel price closed at $10060 per ton, down $1220 per ton month on month and down $8740 per ton year on year.

After a bounce-back in metal prices in July, the recent decline has taken the market aback. The threat of a China-led global economic slowdown is adding to the bearish outlook for metals.

Most metals, from copper to aluminum fell again Friday and were heading for their worst week of the year in early trading after data showed Chinese factory activity shrinking at the fastest pace since 2009.

Nickel settled at 679.70 as support can be seen after the update that the global nickel market surplus shrank to 8,800 tonnes in June, from a revised surplus of 9,500 tonnes in May, but was larger than a surplus in the same month last year, a monthly report fr...

[Ferro-Alloys.com]Supported by rising demand from alloy-makers at domestic spot markets, nickel futures traded a shade higher at Rs 680.30 per kg as speculators enlarged positions.

LME Nickel Price Sharply Fluctuated due to Depreciation of Yuan (Aug 10th-Aug 14th)

Nickel Ore Price forced to Decline Domestically (Aug 10th-Aug 14th)