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.



Metals Hit New Lows as Greece Reignites Euro Zone Debt Crisis

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&nbsp;this week, and domestic spot nickel prices should track LME nickel prices next week, fluctuating between RMB 126,000-135,000/mt. 
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