Nickel sheets

Nickel Price Outlook

After reaching the highest level in over two years on 1 November, nickel prices retreated; all gains made up to November had been erased by month’s end. On 1 December, nickel was trading at USD 11,230 per metric ton, which was 12.0% lower than on the same day in November. However, the price was up 12.7% on a year-to-date basis and was 0.7% higher than on the same day of last year. A mismatch in supply and demand erased price gains in November. Increasing supply from Indonesia, following the country’s gradual lifting of a ban on raw material exports, and weaker demand from China, after a period of restocking, dragged prices downwards. Analysts raised concerns following weaker-than expected economic data for October in China; market analysts expect the country’s structural supply-side reforms to deepen. The ongoing measures being taken to solve the pollution issue in China are likely to continue impacting prices through weaker demand from China. Furthermore, a cooling housing market will likely exercise downward pressure on nickel demand and prices; nickel is used for steel. On the other hand, data shows that the supply deficit narrowed in Q3, on the back of a slowdown in demand. This could translate into a smaller supply-demand mismatch going forward.

Nickel Price History Data (USD per metric ton, aop)

2012  2013  2014  2015  2016  
Nickel17522.38  15022.53  16897.92  11834.73  9596.5  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Nickel Historical Price Chart


Nickel historical price chart
Note: Nickel prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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