SHANGHAI, Sept. 30 (SMM) – LME nickel prices opened at USD 9,765/mt Tuesday, and fell to USD 9,700/mt. During European and US trading, LME nickel prices rebounded and touched USD 9,895/mt, and closed at USD 9,880/mt, up 0.87%. Trading volumes decreased 51 lots to 5,948 lots, and total positions decreased 315 to 245,696. LME nickel inventories fell 786 to 451,500 mt.
LME nickel prices will rise slightly today. SHFE 1601 nickel contract prices will hover between RMB 75,700-76,800/mt today. Spot zinc prices in Shanghai should hold stable at RMB 74,800-75,800/mt.