NICKEL PRICES FALL TO NEAR 2009 LOWS

China , Metals , Nickel , Stainless Steel , Uncategorized , What's Happening in Our Profession Aug 27, 2015 No Comments

NEGOTIATOR’S TAKE: Great time to approach your Stainless Steel parts suppliers for a price decrease.

 

Nickel already halved its year-to-date value

This week, prices fell below the $10,000 per metric ton, a physiological resistance level.  Prices are now approaching the record low of 2009 when prices hit $8,850/mt.  If so, nickel would be the first industrial metal to fall below recession levels.

Nickel prices graph

The slump in prices made some producers cut output and we’ve heard people talking about a price spike as producers are underwater.  But as you are aware, production costs do not determine prices, investors do….read the rest of this ProPurchaser sourced article, HERE.

 

Source: Metal Miner, August 2015

Article Author: RAUL DE FRUTOS (view his biography, HERE)

Adam

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