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SMM Nickel Weekly Price Review and Forecast (Oct. 13-17, 2014)
Oct 13,2014 17:01CST
price review forecast
Source:SMM
In China’s spot nickel market, the average price for SMM #1 refined nickel inched up RMB 100/mt from pre-holiday level to RMB 114,250/mt last week.
SHANGHAI, Oct. 13 (SMM) – In China’s spot nickel market, the average price for SMM #1 refined nickel inched up RMB 100/mt from pre-holiday level to RMB 114,250/mt last week. The price spread between Russian and Jinchuan nickel shrank to RMB 200-300/mt. Sellers held back goods at lows. Traders and downstream producers were little interested in buying. 
 
This coming week, nickel prices in China’s spot market are expected between RMB 113,500-116,500/mt. Russian nickel will likely trade at discounts of less than RMB 300/mt over Jinchuan nickel. 
 
China nickel prices

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