Nickel prices face difficulty in rising since stock still sufficient
After realizing an almost 60% growth, nickel prices currently go back to fluctuations.
As the Indonesian nickel ore exportation ban already being effective, which was earlier than expected, the nickel price was expected to skyrocket, but the price had increased too fast in this time, caused to limit the increased range.
On the other hand, Indonesia may suffer less stress on the nickel pig iron supply in the fourth quarter, while the high-level stock of stainless steel might pull down the prices.
It was considered that in the future, nickel prices might go up due to increasing basic costs and low stock levels.
