Steel News

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

LME nickel futures rebound on continued rising ferronickel transaction prices

20 Mar 2025 13:07 reported by Joy Liu

A A A
The London Metal Exchange (LME) nickel futures rebounded by US$150 yesterday (March 19), closing at US$16,399/ton, ending a four-day decrease. The spot price also surged by US$155, reaching US$16,170/ton.

Affected by the continued rise in ferronickel transaction prices, China’s upcoming meeting to focus on stabilizing the housing market, and the Fed's hint of two interest rate cuts this year, nickel prices rebounded from a two-week low.

Nickel prices have risen by US$966 since March, an increase of 6.25%, and they have hiked by US$1,077 so far this year, a 6.9% growth. LME inventory increased by 534 tons to 201,330 tons on March 19, a monthly increase of 3.26%.

Although the Fed interest rate remains unchanged and the US dollar is strengthening, market supply is still loose and nickel prices are expected to fluctuate in the short term.

Back to Steel News

Related News

Spain’s Transmesa invests EUR 15 million in Catalonia plant for hybrid and hydrogen vehicle stainless steel tubes

  • Stainless Steel
  • 21 Apr 2025 15:13

Nickel price rebound expected to ease pressure on Yusco, boost stainless steel market

  • Stainless Steel
  • 21 Apr 2025 13:36

Nickel prices surge by 10% in a week, outpacing other metals

  • Stainless Steel
  • 17 Apr 2025 17:11

US announces final subsidy rate to South Korea’s stainless steel sheet and strip in coils

  • Stainless Steel
  • 17 Apr 2025 15:03

Worldstainless: Global stainless steel production rises by 7% in 2024, driven by Asia

  • Stainless Steel
  • 16 Apr 2025 16:31

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,520.00
  • 2,561.00
  • Aluminum
  • 2,327.00
  • 2,366.00
  • Copper
  • 9,103.00
  • 9,132.00
  • Nickel
  • 15,400.00
  • 15,610.00

Learn more

Coil Exchange Center

Learn more