SHANGHAI, Sep 26 (SMM) – On September 26, following a visit by Meidy Katrin, Secretary-General of the Indonesia Nickel Miners Association (APNI), SMM welcomed a delegation from the Democratic Republic of the Congo, the world's largest cobalt mining country.
At a time when there is still expectation of production reduction and supply is tight, but demand is improving compared to before, there is still a possibility of an upward trend in nickel sulfate prices.
Steel mills are expected to increase production in April. Although factory and social warehouses are continuously depleted, stainless steel prices are expected to continue to be weak this week as demand remains weak.
On September 21, according to SMM research, the stainless steel market plunged sharply today. The market sentiment was relatively panicked, and the spot price of stainless steel weakened along with the market.