LME Nickel Prices to Return to $10,000 per tonne, SMM Expects

Published: Sep 28, 2015 09:15

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LME nickel is expected to return to $10,000 per tonne this week, Shanghai Metals Market foresees.

SHANGHAI, Sept. 28 (SMM) – LME nickel is expected to return to $10,000 per tonne this week, Shanghai Metals Market foresees.

“LME nickel prices are expected to trade between $9,800-10,100 per tonne this week, and market caution will grow as the SHFE market will close from next Thursday for the week-long Chinese National Day holiday from Oct. 1-7,” SMM says.

SHFE nickel prices are estimated to stabilize between 76,000-79,000 yaun per tonne, SMM expects, with light trading in China’s spot nickel market.

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