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LME Nickel to Rise to $10,400-10,800 Next Week, SMM Says
Oct 23, 2015 16:55CST
Source:SMM
LME nickel will rise to $10,400-10,800 per tonne next week, SMM says.

SHANGHAI, 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. 


LME nickel prices
LME nickel prices forecast
nickel prices forecast

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