Market News
The nickel price expects to improve for Q2
It is understood that Philippines’ nickel ore main production areas were entered rainy season, the supply of nickel ore would be reduced, as China's port inventory remained low. In the second half of this year, the supply of nickel ore shortage would continue to increase. However, downstream stainless steel consumption forecast was better than the first half of this year, Nickel market price is expected to move up. Analysts estimated that the global nickel supply and demand would continue to improve, the nickel prices will be expected to return to US$9700/ton this year.