LME stock slide a bullish constant for nickel, alloy surcharges Following the run-up in nickel prices throughout May and into June, prices for most common nickel-containing stainless steel grades gained some momentum, despite limited pull from the demand side. Alloy surcharges hit six-year highs for June deliveries, aided also by molybdenum price gains. Indeed, LME nickel prices held up well in late June, attempting to edge back over the $15,000 per tonne mark, but settling for consolidation above $14,500 per tonne, despite sentiment being dampened at times by a strong dollar and concerns about trade wars escalating. All the while, however, LME nickel stocks have continued to trend lower, with steady withdrawals taking the total below 270,000 tonnes this week...
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