Nickel Prices Rose 7.29% in 4 Days
time : 2014-01-17 14:50 Come from :Excellence
Earlier this week, the nickel price had raised significantly in the week affected by the unprocessed ore export ban in Indonesia. The spot market price of nickel in New York yesterday has reached $ 6.47 / lb in 4 days.
Chinese stainless steel industry is expected to recover, which would further promote the nickel price, but industry insiders believe that the steel market in the long term would suppress the nickel price.
Indonesia is the world’s top exporter of nickel ore, refined tin and thermal coals. As the largest supplier of nickel bauxite of China, Indonesia has exported 35.7208 million tons of nickel to China in 2011, accounting for 79.65% of total imports throughout the year.
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