Nickel Premiums May Go Up on Increased Demand in China

Reuters reported some traders and producers believe nickel premiums will recover early next year on increased demand in China.

As quoted in the market news:

Last month, for the first time in three years, China’s central bank cut reserve requirements for commercial lenders, shifting policy to ease credit and shore up the economy.

Spot nickel is currently seeing support from some buying from Chinese stainless steel mills, the country’s top nickel users, as nickel pig iron (NPI) producers struggle to compete in the wake of the refined metal’s recent falls.

Click ehre to read the full Reuters report.