Via AG Metal Miner The Stainless Monthly Metals Index (MMI) moved sideways with a modest 1.41% decline from October to November. All in all, the stainless steel price movement primarily reacted to volatility in nickel trading. Nickel held historically low volume levels over recent months, while nickel prices remained within their short-term range.
By November, however, prices began to see upside price action with a sharp rally. The question is whether this is a true reversal or mere volatility. To qualify as the former, prices would need to sustain…Are Nickel Prices Poised For A Breakout?
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