Following on from the previous month, nickel prices have fallen once again on the London Metal Exchange (LME). In March the average cash price was USD 13,745.00/mt, and now prices are about USD 1,000.00/mt lower. The lowest point so far was seen on the 14th April at USD 12,205.00/mt. This level had last been seen in May 2009. The development which is taking place has cast a further shadow over the technical chart picture. The trend channel running downwards could not be sustainably broken through on the upside. Temporary price rises are rather technical counter movements in an....
Oryx Stainless is one of the leading companies trading in raw materials for the stainless steel production.
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