Home / Metal News / Zinc / SMM Nickel Weekly Review and Forecast (15-19 Jul. 2013)
SMM Nickel Weekly Review and Forecast (15-19 Jul. 2013)
Jul 16,2013 09:11CST
price review forecast
Source:SMM
In this coming week, LME nickel prices are expected to be between USD 13,200-14,000/mt.
SHANGHAI, Jul. 16 (SMM) - Domestic nickel spot prices appeared resistant to price declines even after LME nickel prices fell, but still lacked upward momentum. Losses for imports narrowed last week, and market players say that large amounts of nickel from South Africa arrived in the Shanghai market. Supply of Russian nickel was also sufficient. In the Shanghai nickel spot market, #1 nickel averaged RMB 96,120/mt, down RMB 1,350/mt from a week earlier. The average price of Jinchuan nickel was RMB 96,980/mt and RMB 95,260/mt for Russian nickel, a difference of RMB 1,720/mt.  
 
In this coming week, LME nickel prices are expected to be between USD 13,200-14,000/mt. 
 
LME nickel prices
domestic nickel spot prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news