Before the holiday, pure nickel fluctuated downward Nickel ore supply was tight to ease market sentiment
- févr. 19, 2024, at 3:28 pm
- SMM
Minutes of the Nickel Morning Meeting on February 19
Pre-holiday nickel prices fluctuated downward. The decline in nickel prices is mainly due to the gradual digestion of previous macroeconomic bullish sentiment. Although the approval of Indonesian nickel ore RKAB has been slow, it has increased compared to data from the previous week. In the short term, the tense situation of nickel ore supply has eased to some extent, coupled with hawkish remarks from the Federal Reserve after the meeting,