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Home / Metal News / SMM Nickel Market Morning Review (2015-2-25)

SMM Nickel Market Morning Review (2015-2-25)

Feb 25, 2015 09:34

LME nickel briefly touched USD 14,520/mt overnight before closing Tuesday at USD 14,335/mt.

SHANGHAI, Feb. 25 (SMM) – LME nickel briefly touched USD 14,520/mt overnight before closing Tuesday at USD 14,335/mt. Inventories fell 384 mt to 424,500 mt.

SMM #1 refined nickel was offered between RMB 106,200-106,400/mt on February 17. Trading ground to a halt as most market players had closed for holiday.

LME nickel should meet resistance at USD 14,500/mt on Wednesday. Spot nickel in China is expected to trade between RMB 105,200-106,500/mt.

LME nickel prices

China nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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