Global nickel market sees 23,900 metric ton surplus in September – INSG

Reuters | November 22, 2023 | 2:59 pm Intelligence Nickel

Nickel market surplus narrows to 9,200 tonnes in November, INSG says

Credit: Glencore

The global nickel market had a surplus of 23,900 metric tons in September, up from a surplus of 14,200 tons in the same month of last year, data from the International Nickel Study Group (INSG) showed on Wednesday.

That compares with a surplus of 15,300 metric tons in August 2023.

During the first nine months of 2023, there was a surplus of 155,000 tons versus a surplus of 60,500 tons in the same period of last year, the data showed.

(By Deep Vakil)