Falling nickel prices send Chinese stainless steel market tumbling

China’s domestic and export prices for stainless steel dropped sharply in the week to Wednesday June 16 on nickel losses and destocking pressure on mills.

The London Metal Exchange three-month nickel contract ended the official trading session on Wednesday at $25,650-25,700 per tonne, down by $3,450 per tonne (12%) from $29,100-29,150 per tonne on June...


Jessica Zong

June 16, 2022

03:30 GMT