首页|Nickel-Indonesia's consideration of restricting smelters construction prompts rise in prices
Nickel-Indonesia's consideration of restricting smelters construction prompts rise in prices
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NSTL
Nickel prices traded on an average of $ 18001.36 for Jun-21 making a high of $18467.5 due to sell off of positions. Towards the end of June, Indonesian government consideration of restricting the smelters construction for production of nickel pig iron or ferronickel prompted the price rise. At MCX exchange, nickel prices touched INR 1377.20 during the last week making it as the month's high. Inventory levels at LME stood at 231kT for June and 6.11kT at Shanghai warehouses. Fall in inventory levels at both the warehouses indicate a little support to the prices too.
NSTL
