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Home / Metal News / Nickel Prices to See Slight Losses, SMM Interviews

Nickel Prices to See Slight Losses, SMM Interviews

iconJun 15, 2015 09:40
LME nickel registered a loss of 1.54% last Friday, and SHFE 1509 nickel closed Friday’s night trading at 98,600 yuan per tonne. Will the loss continue in the nickel market?

SHANGHAI, Jun. 15 (SMM) – LME nickel registered a loss of 1.54% last Friday, and SHFE 1509 nickel closed Friday’s night trading at 98,600 yuan per tonne. Will the loss continue in the nickel market? 

“The decline in nickel market will be small due to support from costs and El Nino weather,” an analyst from Guosen Futures told SMM in latest interview.  

The analyst also added the uncertainty over the delivery approval of foreign nickel brands on the SHFE. 

On Monday, LME nickel will lack the rising momentum and fluctuate widely around the 20-day moving averages, and SHFE 1509 will trade between 98,000-99,500 yuan per tonne, SMM foresees.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

LME nickel prices
SHFE nickel prices
smm interview
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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