Nickel Price Bottoming Out ?/Inquiries Of Cold Stainless Upsurging

摘要

This week, the LME nickel price reached 7.60 dollars per pound which recorded the lowest price same as the level on December 15, 2009 when the Lehman's shock happened in that year. It is uncertain whether this affects the market but inquiries of cold-rolled Ni-system stainless steel sheets from distributors of Taiwan and South China are increasing. Instead of spot purchase till now, such inquiries are for 3 months in bulk, and customers are embarking on replenishment of inventories judging that the present price is a bottom.