The Domestic Price of Nickel Powder Might Be Increased to Around 285 RMB/kg Recently
According to the domestic nickel company s quotation, the domestic price of nickel powder might be increased to around 285 RMB/kg recently. It expected to keep a growing trend and probably won t go down for a while. It is reported that prices of nickelic product and other metal product will also be increased.Trade companies should pay attention to the price trend, and do not forget high profit and risk exist at the same time.
It is suggested by the analyst Andrew Mitchell from Brook Hunt that, due to the increasing demands of worldwide stainless steel and the reduction in nickel production since 2008, the average price of nickel is valued at 8.50 USD/lb. Brook Hunt forecasts that there are at least 10,000 tons short supply to the nickel market all around the world in 2010, however, it will be returned to the status of supply surplus in three years.
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