Nickel Powder Prices Trend and Forecast - Delhi

Nickel Powder Prices in the third quarter showcased a mixed trend in the US market amid the rising fears of recessions. According to market participants, LME three-month nickel prices were under pressure, and trading activity was relatively stable. According to manufacturers, the demand outlook for September was flat; they were still seeing consumer orders for nickel during the final month of Q3 2022. However, the market was highly volatile at the time, with people unwilling to commit beyond October. Although sources had predicted periodic steel production cuts for some time, reports of closures and rumors of further suspensions had yet to shake nickel markets. There has been a reduction due to a few mills taking time off, but this is due to electricity prices rather than demand. Traders say it is difficult to predict where nickel prices and premiums will go in this market. As a ripple effect, the Nickel powder prices for Ex-San Diego settled at USD 22754/MT.

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