LME Nickel Price May Return above $10,000 in September-Shanghai Metals Market

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LME Nickel Price May Return above $10,000 in September

Industry News 06:22:12PM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) – LME nickel price is expected to return above $10,000 per tonne in September, Shanghai Metals Market foresees. 

“Trading on the SHFE will be suspended from Sept. 3, Thursday, and LME nickel may swing in a wide range, but nickel market is likely to improve in September with economic activities increasing,” SMM nickel analyst says. 

During the past three trading days, spot supply in China’s domestic nickel market was sufficient, but downstream producers showed no strong buying interest after earlier purchases. 

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

LME Nickel Price May Return above $10,000 in September

Industry News 06:22:12PM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) – LME nickel price is expected to return above $10,000 per tonne in September, Shanghai Metals Market foresees. 

“Trading on the SHFE will be suspended from Sept. 3, Thursday, and LME nickel may swing in a wide range, but nickel market is likely to improve in September with economic activities increasing,” SMM nickel analyst says. 

During the past three trading days, spot supply in China’s domestic nickel market was sufficient, but downstream producers showed no strong buying interest after earlier purchases. 

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