What we are curious about stainless steel and aluminum right now is that how the journey would be. Will Russian aluminum become slow like copper?
Demands for nickle
From LEM（London Metal Exchange）, the price of nickle is far higher than it was from 2021.
But data(nickle prices on Shanghai Future Exchange rises more than 2.5% and in some circumstance, china nickle rose more than 3%) demonstrates that the demand of nickle products stays high.
Buyers want no Russian aluminum
After the upsurge on LEM, aluminum are now being debated. And more stocks always means higher market supply, which makes the price goes down at the time when the demand of aluminum drop dramatically. Meanwhile, the uncertainty about the possibility of new sanction from the west and high punitive tariffs make the challenge.
Furthermore, the consumers of aluminum now have to face the possibility of sanction from western products which were manufactured intermediately from third countries.
Post time: Nov-28-2022