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Stainless Steel News and Nickle Price

Source: Ao Feng      DateTime:2019-08-09

  Three month nickle closed Monday'trading session at $6.47/ib.Inidcators at 06:05 am CST today show 3 month nickle trading around $0.1/ib higher .Stockpiles of nickle stored LME approved warshouse fell on Monday and now total just over the 312,300 tonne level.We gave major suport yesterday at $6.46/ib,and after trading below that level ($6.30/ib for daliy low),We may see a tug of war around this level ,or we could see another bullish rise or bearish dip.Time will tell.

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