Reports of an immediate commencement of the nickel ore export ban in Indonesia had emerged on Monday October 28, but a day later, Indonesian officials said that the prohibition will only come effect in January 2020
as previously scheduled.
The three-month nickel contract on the London Metal Exchange ended Wednesday October 30’s trading session at $16,850-16,855 per tonne, up $430 per tonne from a week earlier.
The most-traded December nickel contract on the Shanghai Futures Exchange closed at 134,160 yuan ($19,002) per tonne on Wednesday, up 4,190 yuan per tonne from a week earlier.
Fastmarkets’ weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of...