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

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March 2020 | Base Metals


Nickel: Waiting for dip buyers


Although we are sticking with our short-term bearish bias toward LME nickel, our longer-term prognosis remains bullish. A Q2 pick-up in Chinese demand on its way and a potential supply shock coming too, could well lay the foundation for the prices to rebound when market participants start to wind down some of their excessive bearish exposure at the end of Q1.

Provisional demand growth downgrades We have made some...

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