LME nickel price trend on August 17th

China's producer prices continued to fall in July but the decline has kept narrowing as economic activities recovered amid effective epidemic control in the country, official data showed Monday.

The 2010 ferrosilicon contract price on ZCE closed at 5708 yuan per ton on August 18.

Nickel price trend on August 17th

LME nickel price trend on August 14th

The 2010 ferrosilicon contract price on ZCE closed at 5730 yuan per ton on August 17.

Oversupply concerns weigh heavily on the steel sector in China as some 80 million metric tons of fresh capacity will hit the market this year amid dwindling demand due to the COVID-19 epidemic, an industry expert said.

Nickel ore market weekly comment(August 10th-August 14th): The prices of Laterite-Nickel ore rose up in this week