Concerns about Indonesia potentially bringing forward its ban on unprocessed nickel ore exports continued to provide support for nickel prices.
The three-month nickel contract on the London Metal Exchange has averaged $15,518 per tonne so far in August, compared with the July price average of $13,515 per tonne.
Stainless cold-rolled coil
Fastmarkets’ weekly export price assessment for stainless steel cold-rolled coil, 2mm grade 304, fob China was $1,950-1,990 per tonne on Wednesday August 28, down by $10-30 per tonne from last week.
“Suppliers found that...