According to statistics show that China's nickel stock level continues to increasing to 22.5 million tons.
Market participants pointed out that nickel stocks surge again caused personal analysis has the following 3 points.
First, it is due to the China's weak nickel demand and ferronickel market did not actually improve further.
Therefore, nickel consumption is sharply affected by weak market so far. Second, Indonesia announces to ban ore export policy implications in 2014, most enterprises have increased their imports of intention.
Third, a higher raw nickel price will affect the production cost to up.