LME nickel stock hits 5-month high
Reportedly, the nickel stocks at LME totaled 97,770 tons on February 15th, hitting the 5-month high.
In fact, the nickel inventory has continued to rise since this year. It increased 5,538 tons in January.
It’s analyzed that the consumption of nickel dropped significantly since the production of stainless steel products has remained at low level since last Q4.
News Date 21 Feb 2012 14:48:41 reported by Kaka Shu