China Nickel Price to Fall Further to 80,000 yuan Next Week-Shanghai Metals Market

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Copper
  • Nickel
  • Market commentary
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Tin
  • Production data
  • Morning comments

China Nickel Price to Fall Further to 80,000 yuan Next Week

SMM Insight 05:42:58PM Aug 14, 2015 Source:SMM

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. 


#1 Refined Nickel 7 Day Chart

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

China Nickel Price to Fall Further to 80,000 yuan Next Week

SMM Insight 05:42:58PM Aug 14, 2015 Source:SMM

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. 


#1 Refined Nickel 7 Day Chart

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