11
Jan
04:02
BMI cuts 2024 nickel price forecast
BMI Industry Research sees oversupply and weak market fundamentals continuing to depress nickel prices in 2024, Kallanish notes.
The research house says in a note that it is revising down its nickel price forecast for 2024 to $20,000/tonne from $20,600/tonne as the market remains in a supply glut.
At the same time, weak Chinese demand and a limited growth outlook across major markets will place a cap on prices.
Nevertheless, it sees some support from…
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Anonymous
Very good overview of the weekly steel market.
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