Steel News

We strive to let you one step ahead of the market.

Nickel prices rise on May 13 due to weaker US dollar & Fed rate cut hopes, despite China's market weakness

14 May 2025 14:11 reported by Stanley Wang

A A A
The nickel futures at the London Metal Exchange (LME) hiked by US$100 and closed at US$15,735/ton on May 13. During the same day, the spot price also increased by US$104.5/ton to US$15,541/ton. Meanwhile, the inventory monitored by LME went up by 762 tons to 198,516 tons.

The US Consumer Price Index (CPI) rose by 0.2% in April, falling short of market expectations and leading to a weaker US dollar index. Coupled with the recent reset of US-China tariffs, the development fueled speculation that the Federal Reserve may begin cutting interest rates in the coming months. These factors helped push nickel prices.

However, market analysts cautioned that China’s stainless steel market remains sluggish, and with ore prices staying high, nickel may continue to experience short-term volatility.

Back to Steel News

Related News

Iron ore prices rebound slightly on Jun 19 as market sentiment improved on policy support

  • Raw Materials
  • 20 Jun 2025 16:36

Pakistan’s scrap imports grow in Apr m-o-m, y-o-y

  • Raw Materials
  • 20 Jun 2025 11:25

WBMS: Global refined nickel market experiences excess supply of 41,500 tons in Apr

  • Raw Materials
  • 20 Jun 2025 11:24

LME’s nickel price returns to $15,000 mark on Jun 18

  • Raw Materials
  • 19 Jun 2025 16:22

India to export 150 locomotives to Guinea’s Simandou project over 3 years

  • Raw Materials
  • 19 Jun 2025 16:18

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,614.00
  • 2,643.50
  • Aluminum
  • 2,528.00
  • 2,529.00
  • Copper
  • 9,940.00
  • 9,652.00
  • Nickel
  • 14,760.00
  • 14,940.00

Learn more