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

Aug 29, 2011 14:45

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

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025