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SMM Nickel Weekly Price Review and Forecast (17-21 Jun. 2013)
Jun 17,2013 15:37CST
price review forecast
Source:SMM
There were only two trading weeks last week, and some downstream producers made some purchasing after the holiday, but falling LME nickel prices depressed downstream buying interest.
SHANGHAI, Jun. 17 (SMM) – The average price of #1 nickel during the week ending June 14 was RMB 101,850/mt, down RMB 4,050/mt. As LME nickel market tumbled during the Chinese Dragon Boat Festival, spot prices in the Shanghai nickel market dropped after resuming trading. There were only two trading weeks last week, and some downstream producers made some purchasing after the holiday, but falling LME nickel prices depressed downstream buying interest. Hence, overall trading was thin. 
 
SMM Nickel Weekly Price Review and Forecast
LME nickel prices
the Shanghai nickel market

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