NICKEL PRICES ROUGHLY DOUBLED TO UNPRECEDENTED HIGH
Nickel prices roughly doubled to unprecedented highs On March 7 and March 8. The London Metal Exchange suspended trading in nickel following the wild price action, in which three-month LME nickel contracts briefly topped the $100,000-a-ton mark for the first time in Asian trading hours.
The Russia-Ukraine war also fueled concerns of supply disruptions for the metal, sending nickel futures sharply higher. Although the restricted import of Russian nickel has little to do with China, it is difficult for domestic nickel prices not to be affected by the surge in nickel prices in the external market.
As one of the important raw materials of the filter pipes, Nickel can improve the wear resistance and corrosion resistance of the product and effectively prolong the life of the products.304L stainless steel and 316L stainless steel are the main raw materials of stainless steel pipes of our company. The nickel content of 304L stainless steel accounts for 8% - 11%, and that of 316L stainless steel is 10 ~ 14%.