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Orient Express – Nickel – Inventory Decline Supports Price Recovery

    Home Latest Research Orient Express – Nickel – Inventory Decline Supports Price Recovery
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    Orient Express – Nickel – Inventory Decline Supports Price Recovery

    By admin | Latest Research | 0 comment | 18 September, 2018 | 0

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    Nickel prices have recently undergone some downward pressure due to concern about demand a slow-down from stainless steel producers. We highlighted this price weakness in our Asia Morning Note on 4 September. However, the recent stainless-steel inventory drawdown should support an increase in the nickel price in the short-term. Meanwhile, the nickel sulphate premium to the nickel price has started to increase, reflecting growing demand from the battery sector.

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