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In the daily trade on March 16, SHFE 2204 nickel opened at 216,490 yuan/mt. The closing price stood at 235,200 yuan/mt, up 18,710 yuan/mt from Mar 15. Intraday trading was weak, with volume down 22,744 lots compared to Mar 15. ....
Recent nickel price volatility is making European stainless steel market participants nervous – especially at a time when many fear that a price reversal is on the horizon. In addition, demand for stainless steel was slow to materialise, in the first few weeks of January. Nevertheless, domestic supply of several products, most significantly cold rolled . ....