Nickel Quarterly Q2 2019
We are maintaining our nickel price forecast for 2019 at USD14,500/tonne as our previous view that prices would beginto head higher in Q119 is playing out. We expect prices to remain supported over the coming months as Chinese consumptionlevels remain strong, while high frequency data points to a tight market. In the longer term, we are confident that prices willcontinue heading higher despite a narrowing deficit, as the stocks-to-use ratio continues to decline.
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