Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Oct. 23 (SMM) – LME nickel will rise to $10,400-10,800 per tonne next week, SMM says.
The rise will be driven by high hopes for monetary stimulus in China and the euro zone.
SHFE nickel will also climb to 78,000-81,000 yuan per tonne on exit of shorts.
In China’s spot market, supply of Russian nickel and Jinchuan nickel will support prices. But soft demand will prevent prices from rising. SMM sees spot prices between 77,000-80,000 yuan per tonne.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn