[Ni] Forecast of Nickel Price in 2009 from International Institutions-Shanghai Metals Market

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[Ni] Forecast of Nickel Price in 2009 from International Institutions

Industry News 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Feb. 27 -- The latest forecast of international nickel price is:

    1) The international nickel price in 2H 2009 will fluctuate in the USD 9,000-15,000/mt range.

    2) The international nickel price in 2H 2009 will recover slowly with the price range of USD 12,000-17,000/mt.

    3) The average nickel price in 2009 will be about USD 12,000/mt, down sharply compared to 2008 levels.  

Institution / Ore operator

Nickel price forecast in 2009

Goldman Sachs

USD 8980

Macquarie

USD 11023

150 Representatives of Macquarie

USD 10000-12500/mt

JP Morgan

USD 13375/mt

Norilsk

≥USD 9400/mt

Eramet

USD 14000/mt

ABARE

USD 19000/mt

    (Edited by CBI China)

Key Words:  nickel Ni  nickel price 

[Ni] Forecast of Nickel Price in 2009 from International Institutions

Industry News 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Feb. 27 -- The latest forecast of international nickel price is:

    1) The international nickel price in 2H 2009 will fluctuate in the USD 9,000-15,000/mt range.

    2) The international nickel price in 2H 2009 will recover slowly with the price range of USD 12,000-17,000/mt.

    3) The average nickel price in 2009 will be about USD 12,000/mt, down sharply compared to 2008 levels.  

Institution / Ore operator

Nickel price forecast in 2009

Goldman Sachs

USD 8980

Macquarie

USD 11023

150 Representatives of Macquarie

USD 10000-12500/mt

JP Morgan

USD 13375/mt

Norilsk

≥USD 9400/mt

Eramet

USD 14000/mt

ABARE

USD 19000/mt

    (Edited by CBI China)

Key Words:  nickel Ni  nickel price