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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

Stainless Espresso Nickel stocks in China fall further
Stainless Espresso Nickel stocks in China fall further

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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