LME Nickel Created a Five-Month Low

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LME Nickel Created a Five-Month Low

Monday, September 22, 2014
Source:ferro-alloys.com

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Keywords:LME nickel, five-month low

[Fellow][Ferro-Alloys.com]This morning (Sept. 22) LME nickel price saw dramatic drop after the death cross , which created a for five-month low at $16,955/t.

[Ferro-Alloys.com]This morning (Sept. 22) LME nickel price saw dramatic drop after the death cross , which created a for five-month low at $16,955/t. This might be caused by the pessimistic perspective of the nickel investors. About 65% of the global nickel’s destination is the stainless steel industry. Due to the long term stagnation of the stainless steel industry in China, the ferronickel and nickel ore price fell in the recent month.

[Editor:sunzhichao]

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