gotch and vayama,
ya's are welcome but additionally,
here are the last 2 paragraphs of vayama's post.....
The base price for stainless steel in Europe fell in June to $1,685 a tonne from around $1,800 in April as demand for stainless steel has weakened, Widmer said.
But the surcharge rose to $4,275 in June from $3,968 in May. Analysts say the dip in demand for nickel is likely to be only a temporary blip.
........as you can see, the surcharge has risen from may to june by $307/tonne but the stainless steel price has dropped by only $115/tonne.
so though the nickel price has dropped by 40%, the cost of stainless steel has risen by $192/tonne in june.
as mentioned earlier, the higher cost raw materials are expected to be absorbed by sep/oct which will cause the surcharge to reduce and demand to return.
cheers
- Forums
- ASX - By Stock
- AGM
- ni down again
ni down again , page-28
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online