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NewsFlash / Nickel / LME Nickel Inventory Surge and Strong USD Index Weigh on Nickel Prices
LME Nickel Inventory Surge and Strong USD Index Weigh on Nickel Prices
iconApr 23, 2025 17:45
Source:SMM
【LME Nickel Inventory at High Levels, Exerts Pressure on Nickel Prices】As of April 22, LME nickel inventory rose to 206,430 mt, exerting pressure on nickel prices. Meanwhile, the US dollar index rebounded to 99.2, and expectations for US Fed interest rate hikes in June strengthened, putting pressure on international nickel prices.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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