LME nickel prices surges substantially by US$1,425/ton on Oct. 3rd
It’s reported that the nickel prices at LME surged substantially by US$1,425/ton on October 3rd after it slumped to US$18,000/ton last week.
The nickel prices in three months delivery surged by US$1,425/ton to reach US$19,025/ton; the spot nickel prices soared by US$1,424/ton to US$18,994/ton and the nickel inventory was at 97,074 tons on October 3rd.
However, the stainless steel market has still remained sluggish despite of the sharply rebounded nickel prices.
News Date 05 Oct 2011 16:29:34 reported by Nann Cheng