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China Nickel Price to Fall Further to 80,000 yuan Next Week
Aug 14,2015 17:42CST
smm insight
Source:SMM
Spot nickel prices in China are expected to move lower to 80,000-82,000 yuan per tonne next week, SMM analyst predicts.

SHANGHAI, Aug. 14 (SMM) – Spot nickel prices in China are expected to move lower to 80,000-82,000 yuan per tonne next week, SMM analyst predicts.

Continued production cuts of stainless steel mills will further dampen nickel demand. That plus poor economic data from China which indicate continued slowing in its economy, will further drag down China's nickel prices, SMM research team holds.

LME nickel may move at $10,000-10600 per tonne. 


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