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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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October 2019 | Stainless Steels


Nickel stabilizes despite early start of Indonesian ore export ban: Nickel Highlights


Despite the Indonesian ore export ban, miners will be permitted to fulfil their 2019 export quotas by delivering ore to domestic smelters.

As we move into November, we take a look at the key positive and negative factors affecting the nickel market at present... Bullish factors Supply uncertainties relating to Indonesian ore exports continue to dominate market sentiment. In the latest development, nickel miners in the country have agreed to halt the export of unprocessed ore with immediate effect, ahead of the already-expedited January 2020 deadline. Additional supply disruptions have been seen elsewhere recently. Operations at the Ramu nickel-cobalt complex in Papua New Guinea were temporarily suspended, and a fatal...

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