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Home / Metal News / Nickel / SMM Nickel Price Forecast (Aug. 29-Sept. 2)

SMM Nickel Price Forecast (Aug. 29-Sept. 2)

Aug 29,2011 14:45

CST

smm insight

Source:SMM

SMM expects Shanghai nickel spot prices will hover around Jinchuan Group’s ex-works price of RMB 158,000/mt.

SHANGHAI, Aug. 29 (SMM) -- Since LME nickel prices will continue to fluctuate in the coming week, SMM expects Shanghai nickel spot prices will hover around Jinchuan Group’s ex-works price of RMB 158,000/mt. However, SMM believes that ample supply and cautious trading sentiment will keep spot nickel prices weak.

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