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.
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.
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.
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
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.