Trade war hits nickel prices in new SM Commodities Index

Will Green is news editor of Supply Management
12 October 2018

The trade war between the US and China has hit nickel prices.

Prices for the metal dropped 7% month-on-month due to market jitters over the dispute, according to IHS Markit.

However, IHS Markit believes the drop is temporary and will reverse as Chinese stainless steel production starts to rise and demand picks up.

The development has emerged in the new SM Commodities Index, which we have launched in partnership with IHS Markit, in response to demand from readers.

We will be updating the index on a monthly basis so please check back for the latest data.

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