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China Spot Nickel Price to Follow LME Nickel Down (May 25-29, 2015)

Published: May 22, 2015 17:24
China’s spot nickel prices will follow LME nickel down to 94,500-98,000 yuan per tonne in the upcoming week, SMM’s analyst Liao Rongrong expects.

SHANGHAI, May 22 (SMM) – China’s spot nickel prices will follow LME nickel down to 94,500-98,000 yuan per tonne in the upcoming week, SMM’s analyst Liao Rongrong expects.

The strong dollar will remain a drag on LME nickel. That, combined with unimproved demand downstream, will weigh down spot prices in China.

“That said, the price fall may be slight considering limited shipments from Jinchuan Group and declining arrivals of imported nickel,” Liao says.
 

China nickel price forecastChina nickel prices

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

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