Global Nickel Supply Shifts Into Surplus ...Middle East

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Global Nickel Supply Shifts Into Surplus
Via AG Metal Miner The Stainless Steel Monthly Metals Index (MMI) rose 3.35% from September to October. Last month, nickel prices traded up with a strong rebound during the first three weeks. However, prices soon fell back within range. These declines continued until the opening days of October, with prices mainly remaining consolidated since July. For the long term, these movements offer no clear price direction. This means the market will have to wait until there is a meaningful break out to the upside or downside. Stainless Steel Market Overview…

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