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Nickel price rebounds; stainless steel price supported

12 Mar 2020 08:42 reported by Jordan Huang

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After the crash decline in the US’ stock market on March 9th, all of the metal performance on the London Metal Exchange (LME) faced challenges too.

However, the market is changing fast.

The nickel prices had jumped to around US$12,900 after that, with a range of US$400/ton in a day, even higher than the prices last Friday.

Based on that, the stainless steel prices had been supported, and the market still watch and see the future trend.

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LME Official Bid Price

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  • 3,094.50
  • Aluminum
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  • Copper
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  • 8,891.00
  • Nickel
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  • 27,095.00

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  • NO1 Coil-Mar
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