10
Apr
08:19
Fitch Solutions revises down 2023 nickel price forecast
Fitch Solutions is revising down its nickel price forecast for 2023 to $26,500/tonne from $30,000/t as global production volumes rise and the market remains in surplus, Kallanish notes.
The research house maintains the view that global nickel production will increase significantly in 2023 on the back of a ramp-up in Indonesian and Chinese output.
It forecasts a surplus in the market in 2023 of 283,100t, expanding from the surplus of 112,800t seen in 2022, as prod…
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Anonymous
Very good overview of the weekly steel market.
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