At the moment, nickel on the London Metal Exchange (LME) is really testing market participants and market analysts. Everything may have looked fine at the start of the year, with fundamentals and price development following a communal logic, but, even though fundamentally nothing has really changed, the present price level has become most disturbing. It is quite true that the reach of nickel ore stocks, stored in China, has risen, contrary to what had been thought at the beginning of the year. This is a direct result of the Philippines increasing the export of nickel ores to China considerably. Even though, in general, the Philippine ores have....
Oryx Stainless is one of the leading companies trading in raw materials for the stainless steel production.
The core task of our business activities is the handling and processing of stainless steel scrap.
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