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Nickel prices in 2019 will benefit from the supply demand and steel

2021/01/09
Indonesia, according to foreign media is the main supplier of the nickel, output growth slowed, in addition, the stainless steel rope net demand continues to grow, it portends global nickel market supply shortages will continue, in 2019, prices will rise. On Wednesday, in Jakarta, metal ( MetalBulletin) During the 6th Asian conference on nickel, Macquarie capital ( MacquarieCapital) Senior commodity consultant Jim lennon, JimLennon) Said that the price of nickel may be by the end of 2018 to 1 per ton. $60000, a year later could rise to $1 per ton. 80000 dollars. Lennon said, nickel has been supported by the stainless steel rope net demand growth, in the first half of 2018 stainless steel rope net demand rose by more than 9%. But he said that in recent months, worry about because of a trade war with China to upgrade the industry, a peak in global growth, global nickel market prospect of 2. 2 million tonnes per year will follow. Therefore, the nickel prices have 'low', he says. At the same time, he expected China to relax credit policy, introduce measures to spur growth, to support the demand for steel. However, 2018 years, nickel production growth will remain slow. John lennon said Eramet ore in new caledonia, supply disruptions, plan in 40 cities pollution control in China, and Indonesia production growth is slow, also could prompt nickel prices rebounded this year. 'Stock is falling, so the price should be higher. 'The Russian nickel ( NorilskNickel) Nickel, chief analyst Alexander madoff, AlexanderKhodov) In 2018, says global nickel shortfall of 120000 tons, the gap will continue for 3 years. Division, told Reuters: 'the Indonesian nickel pig iron production increased dramatically, China's nickel pig iron production increases slightly, gap may be reduced slightly, but will still be around 80000. 'WoodMackenzie metal analyst LindaZhang also predicts that prices will rise quickly to $14400 this year, will rise to $16670, 2019, this year there will be 7. There are 6, 30000 tons of gap, 2019. 30000 tons of gap. On Wednesday, nickel from eight and a half months lows, but as a result of a trade war with China a new dispute, the other Chinese steel prices, nickel gains is limited. London metal exchange ( LME) Nickel prices in March rose 1. 2%, to $12375 per m/t, for the lowest since the end of December 12085 dollars last year. Article source: Reuters
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