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SMM Nickel Price Forecast (Aug. 29-Sept. 2)
Aug 29,2011 14:45CST
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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