09
Jul
07:43
BMI sees nickel downtrend to persist in H2
BMI Country Risk and Industry Research sees the nickel downtrend persisting in the second half amid excess supply, Kallanish notes.
The research house says in a note that it is maintaining its nickel price forecast for 2024 at $18,000/tonne as excess supply continues to drag prices down from 2022 levels.
According to BMI, nickel prices plummeted last year, with the 2023 average annual price dropping by 15.3% to $21,688/t from the $25,618/t seen in 2022, with the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous