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

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January 2020 | Stainless Steels

Risk aversion sees prices tumble but outlook still positive: Nickel Highlights

There was some potentially significant supply-side news to note last week as the Greek government announced plans to liquidate Larco and sell off its assets.

The latest INSG data published last week does not do much to help rebuild fragile sentiment about the evolution of the nickel market’s fundamentals in recent months.

Although the group put November in a small global deficit of 1,300 tonnes, this is less than in October and pulled the average monthly deficit for H2 2019 down to just 2,000 tonnes. Compared with deficits averaging 7,200 tpm in H1 2019 and 12,000 tpm across 2018, it is easy to conclude that this is...


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