Japanese domestic SUS304 Scrap Market is on an upward trend
Amid unchanged nickel fundamentals, speculative price rise in SHFE, declining US dollar, rising crude oil prices and El Niño keep LME nickel price at the $14,000/t level. The average nickel price rose to $14,025/t in May as of May 12, up $1,234/t from $12,791/t in April.
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