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Nickel demand remains slow in Northern China because of snowstorm
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Affected by the snowstorm in the Northern China, many major projects have fallen to a stoppage.
It is expected that stainless steel demand will probably witness another snowstorm with surplus stock.
Because the nickel stock remains at a high level and Northern Hemisphere has welcomed the winter, it is really hard to see the improvement in demand for stainless steel.
Traders are holding a pessimistic attitude towards the market situation, but they still have no idea because of the high stock.
News Date
11/16/2009 8:35:33 AM
reported by
Kasim Xu
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