Home / Metal News /  SMM Analysis: Why LME Nickel Slumped Last Night?

SMM Analysis: Why LME Nickel Slumped Last Night?

iconNov 28, 2017 08:31
Source:SMM
Last night LME Nickel slumped nearly 4%, leading loss among base metals.

SHANGHAI, Nov.28 (SMM)-Last night LME Nickel slumped nearly 4%, leading loss among base metals. SMM thinks this is mainly caused by weak demand of stainless steel enterprises. Some of them have been in loss status. The market expects the reduction of stainless steel output, which has been fermented by news that one plant in South China will reduce or switch capacity in December, causing drop in nickel price from downstream to upstream.


For news cooperation, please contact us by email: gaotian@smm.cn or service.en@smm.cn. 
 

nickel
LME

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news