After a lengthy sideward movement of around USD 8,400.00/mt in the second half of May, since the beginning of June nickel prices have been able to firm up again on the London Metal Exchange (LME). At times prices have been above the USD 9,000.00/mt level, at the moment just a little lower. In absolute terms this is "only" an increase of USD 600.00/mt, but in relative terms, compared to the end of May, this corresponds to an increase of over 7%. A recovery of nickel prices has to be viewed modestly. Those who think that some sort of commodity logic, based on fundamentals, has been behind the recent price movements will be....
Oryx Stainless is one of the leading companies trading in raw materials for the stainless steel production.
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