In March ****, Monel prices demonstrated notable growth across key markets, with China leading at **, Germany following at *.**, and the US registering a more modest ** increase. This specialized nickel-copper alloy, widely used in marine and chemical applications, saw price movements largely driven by strengthening raw material costs and varying regional construction sector performance.
Key Takeaways:
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Monel prices increased across all three major markets with China showing the strongest growth
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Nickel production in China rose **.*** month-on-month while prices trended upward
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Copper prices strengthened amid seasonal demand and tightening supply
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Construction sector performance varied significantly by region, influencing Monel demand
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Raw material cost pressures continue to support Monel price momentum
The Chinese Monel market exhibited the most substantial growth at **, supported by dual strengthening in both nickel and copper feedstocks. National refined nickel production increased by **.*** month-on-month and **.*** year-on-year, with industry operating rates improving to ***....
