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.
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)