Nickel prices dropped as investors worried about slowing demand growth at China.
The premium of LME nickel cash over the three-month contract fell further to a threeweek low of $15 a tonne, indicating a supply crunch has eased.
Manufacturing activities across nickel downstream sectors barely improved from a month ago in August, remaining in contraction for the fifth consecutive month
Warehouse stock for Nickel at LME was at 153822mt that is up by 300mt.
No comments:
Post a Comment