January 2012 | Base Metals
Surging supply and climbing stocks at odds with the strong rally: Nickel - Market Analysis
Prices have rallied strongly and so far are holding up well. However, supply is surging, demand is fragile and stocks are climbing. On this basis, we feel the scale of this rebound is ill-founded, though the strength of the January has forced an upgrade to our price forecasts this week.
US stainless steel prices and demand on the up
The pick-up in US stainless steel prices and demand that we forecast last month for the first quarter has become a reality. Even with continued uncertainty about the US and global economy, US transaction prices have begun to rise. This is being accomplished thanks both to raw material surcharges...
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