• EN
    • ES
  • About YIEH
  • About YIEH
    • About Us
    • Vision & Values
    • Affiliate Companies
    • Office Branch
    • Privacy Policy
    • Certificates
  • Products
    • Stainless Steel
    • Stainless Steel Hot Rolled Coil
    • Stainless Steel Cold Rolled Coil
    • Stainless Steel Strip
    • Stainless Steel Plate
    • Stainless Steel Checker Plate
    • Stainless Steel Sheet
    • Pre-painted Stainless Steel Coil / Sheet
    • Carbon Steel
    • Carbon Steel Hot Rolled Coil / Strip / Plate / Sheet
    • Carbon Steel Cold Rolled Coil / Strip / Sheet
    • Coated Steel
    • Hot-dip Galvanized Steel
    • Hot-dip Galvalume Steel / Hot-dip Galfan Steel (GL / GF)
    • PPGI / PPGL / PPGF
    • Electro Galvanized Steel (EGI)
    • Aluminum
    • Aluminum Sheet
    • Aluminum Plate
    • Aluminum Coil and Strip
    • Aluminum Foil
    • Aluminum Checker Plate
    • Aluminum Embossed Coil
    • Aluminum Disc
    • Aluminum Customized Profile
    • Aluminum Architectural Profile
    • Aluminum Industrial Profile
    • Aluminum Channel
    • Color Coated Aluminum Coil / Sheet
    • Pipe/ Tube
    • Stainless Steel Welded Pipes / Tubes
    • Stainless Steel Seamless Pipes / Tubes
    • Carbon Steel Welded Pipes / Tubes
    • Carbon Steel Seamless Pipes / Tubes
    • Alloy Steel Seamless Pipes / Tubes
    • High Steel Grade Line Pipes
    • Aluminum Tube / Pipe
    • Bar
    • Stainless Steel Bar
    • Carbon Steel Bar
    • Hot Rolled Reinforcing Bar
    • Special Steel Bar
    • Aluminum Angle Bar
    • Aluminum Flat Bar
    • Aluminum Square Bar
    • Aluminum Round Bar
    • Wire Rod
    • Stainless Steel Wire Rod
    • Stainless Steel Wire
    • Carbon Steel Wire Rod
    • Galvanized Steel Wire Ropes
    • PVC Coated Galvanized Wire Ropes
    • Ungalvanized Steel Wire Ropes
    • Others
    • Silicon Steel
    • Titanium / Nickel & Alloy
    • Abrasion Resistant Steel
    • Micro-Alloyed Steel
    • Seamless and Welded Butt Weld Fitting
    • Forged Flanges
    • Stainless Steel Screws-YCS 550
  • Steel News

    Yieh Steel Market News

    LME Official Price Info

    Top Headline

    LME nickel futures hit one-month high on Jul 3
  • Customer Service
  • Marketing Platforms

    Coil Exchange Center

    CEC Q&A

    Why YIEH's Offer

    YIEH's Offer

  • Register
  • Inquiry
  • Catalogue
  • Privacy
    Catalogue Inquiry
    English Español

Steel News

We strive to let you one step ahead of the market.

Home Steel News LME nickel price keeps rising due to continuous dropping inventory
  • Topic
  • Region
The Latest Stainless Steel Carbon Steel Aluminum Longs, Pipes, Tubes Raw Materials Industrial Activities Government Policies Decarbonization Others
Asia & Pacific China Middle East & Central Asia Europe Africa North America South & Central America Global

LME nickel price keeps rising due to continuous dropping inventory

25 Jun 2021 16:20 reported by Joy Liu

A A A
The three-month futures price of nickel on the London Metal Exchange (LME) surged by US$343/ton yesterday (June 24), closing at US$18,408/ton, which has risen for four days in a row. The spot price also soared by US$336.25/ton to US$18,424/ton.

The current average nickel price of this month is US$17,898/ton, obviously higher than the US$17,572/ton in the previous month.

Meanwhile, LME’s market inventory of nickel continued dropping, down by 918 tons yesterday, reaching 234,900 tons. The cumulative decrease in June has reached 12,594 tons so far.

According to market participants, the continuous drop in nickel inventory showed that the market demand is still strong. Coupled with high uses of nickel in the new energy vehicle and high scheduling of stainless steel production at China’s mills, the nickel price kept rising, and it was expected to keep stable in a short term.

Back to Steel News

Related News

LME nickel futures hit one-month high on Jul 3

  • Stainless Steel
  • 4 Jul 2025 14:36

Nickel prices hit 3-week high on trade deal & Fed rate cut hopes

  • Stainless Steel
  • 3 Jul 2025 16:23

YC Inox to start mass production in Turkish stainless steel pipe plant in Q3 2025

  • Stainless Steel
  • 3 Jul 2025 15:07

Brazil launches AD investigation on hot-rolled stainless steel flat products from 3 countries

  • Stainless Steel
  • 2 Jul 2025 15:01

ISSDA: India’s stainless steel consumption grows by 8% in FY25

  • Stainless Steel
  • 2 Jul 2025 14:57

Metal Price Index

  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug13,50014,00014,50015,00015,50016,000
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug2500260027002800
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug220023002400250026002700
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug800085009000950010,00010,500
  • Nickel
  • Zinc
  • Aluminum
  • Copper

Learn more

LME Official Bid Price

  • USD / MT
  • Cash
  • 3 Months
  • Zinc
  • 2,726.50
  • 2,749.50
  • Aluminum
  • 2,603.50
  • 2,608.50
  • Copper
  • 10,119.00
  • 10,010.00
  • Nickel
  • 15,230.00
  • 15,400.00

Learn more

No 6, E-Da Road, Yanchao Dist., Kaohsiung City, Taiwan, 82445 R.O.C.

About YIEH Register Inquiry EN ES
Copyright © Yieh Corp. All Rights Reserved.