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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Nickel: A complex commodity that may hit $17,500/t levels

Posted on 19 November 2012

Despite their longer-term concerns with respect to the nickel market, Deutsche Bank expects that an improvement in overall physical conditions over the next couple of months, in addition to favourable seasonality trends could see the nickel price move off its recent lows around $16,000/t towards the $17,500/t level.
Nickel price performance has been reasonably strong from the end of February to mid January. This pricing trend seems to correspond to a regular tightening in stainless markets in Europe……………………………………….Full Article: Source


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