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Nickel futures traded lower by 0.28% to Rs 701.20 per kg largely in tune with weak overseas trend amidst subdued demand from alloy-makers at domestic spot markets.

Nickel prices softened by 0.14% to Rs 692.90 per kg in futures market today as speculators trimmed positions amidst low demand from alloy makers in the spot market.

This week, LME nickel price wobbled around the line of USD11 000. As a whole it seems held steady temperately.

This week, the Word Bureau of Metal Statistics reported that the nickel supply between Jan and May in 2015 surplus 19,000 tons when in 2014 totally excess 196,100 tons. In later May, LME nickel storage added 51,000 tons compared to that on later 2014 and advan...

China has needed massive amount of raw commodities to build out the infrastructure in its booming economy. So, as that boom fades a bit, so too does the massive demand for these goods.

Seen from the macro economy, Greece debt crisis just past and the affected global metal market had not been recovered from its influence. Also American economy became better and better and Federal Reserve Chairman Janet L. Yellen’s speech on 15 July pushed do...

Firstly, the dollar’s appreciation suppressed bulk commodity prices seriously including nickel metal. Since 2015, the dollar index rose to 96.650 from 90.291 in early, up 7.04%. Its average price in 2015 is 95.29, 18.77% higher than that of the same period in...

[Ferro-Alloys.com]On 6th July, LME opening price was USD12, 190 and its closing price was USD11645, down 2.96%.