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SMM Nickel Price Forecast (May 14-18)
May 15,2012 11:07
CSTsmm insight
Source:SMM
LME nickel prices should continue to fall next week, and domestic spot nickel prices should track LME nickel prices next week, fluctuating between RMB 126,000-135,000/mt.
Shanghai, May 14 (SMM) - On Friday, the average spot nickel price was RMB 129,410/mt, down RMB 706.7/mt from a week ago. Jinchuan Group cut nickel prices on Wednesday by RMB 3,000/mt, to RMB 130,000/mt, but this price cut did not significantly affect spot prices. Quotes inched down as LME nickel prices fell, but overall transactions remained quiet.
LME nickel prices should continue to fall this week, and domestic spot nickel prices should track LME nickel prices next week, fluctuating between RMB 126,000-135,000/mt.
nickel Ni
LME nickel prices
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