Towards the closure of the final quarter of 2022, the Monel price edged in the downward direction in the US market owing to the stable supply-demand outlook. Following the March short squeeze and temporary suspension of the LME nickel trade, many market participants exited or reduced their exposure, resulting in a liquidity crisis and price swings in the three-month contract that were frequently unrelated to fundamentals. Market participants claim that there was inflation and that a recession was possible. As a result, the US Federal Reserve increased borrowing costs to cool the economy and relieve price pressures. The consumer prepares for annual contracting and prefers not to accept excessively inflated raw material prices in mid-Q4. In the alloy segment’s weak position, alloy prices fell from their previous indicative levels in early December to current market levels.
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