Nickel stocks fell again in China in the week from March 26 to April 2. Stocks decreased by around 345,000 MT. However, it is expected that the decline will be offset from mid-April.
Source: gerber-steel.com
Philippines currently unable to meet Nickel demand
In addition, analysts currently believe that the Philippines, the main Chinese nickel supplier, will have limited ability to meet China’s nickel demand over the next 5 years.
Source: manilatimes.com
Eurozone PMI rises again in March
Final March PMI at 62.5 points (flash: 62.4; final February: 57.9). Record increases in production, new orders, new exports and purchasing volume. Unprecedented delivery delays cause strongest increase in purchase prices in ten years.
Source: markiteconomics.com
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
