Nickel Prices To Move Rangebound Amid High Production And Low Inventory

Published: Jun 8, 2023 10:00

Source: SMM

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SHANGHAI, Jun 8 (SMM) – On the supply side, although China's pure nickel production maintained its growth momentum, the pure nickel inventory was still low.

SHANGHAI, Jun 8 (SMM) – On the supply side, although China's pure nickel production maintained its growth momentum, the pure nickel inventory was still low. Nickel prices fluctuated rangebound, and spot premiums remained stable yesterday. Stainless steel mills and traders tried to push for lower NPI prices. Nickel prices are expected to remain rangebound amid mixture of bullish and negative factors.

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