Nickel at USD 12,145.00, the high of the year, on Remembrance Day, 11th November. Since then up and down. Overall though a robust market with fundamental data more or less unchanged.
Central government of the Chinese Province Jiangsu closes stainless steel works. Within 4 days it is completely demolished. Political symbol or a rethink, or both?
From an economic point of view this development is inevitable. To the advantage of those who have suffered from distorted markets. Hopefully it is not just a one day wonder.
A look to 2017 shows the complexity and interdependence of parameters which influence the commodity markets. Details and prognosis from analysts of Macquarie. Subject to error.