Nickel Prices Lack Further Rising Momentum

Published: Jan 22, 2016 16:36

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Nickel prices advanced sharply last week, and will the market continue advancing?

SHANGHAI, Jan. 22 (SMM) – Nickel prices advanced sharply last week, and will the market continue advancing?

“Buyers in Chinese market are not active in purchases after price gains, and nickel market will be lack further rising momentum,” SMM’s nickel analyst says.

SMM expects LME nickel to trade $8,500-8,850/mt, and prices for SHFE 1605 nickel to range between 68,500-72,000 yuan per tonne.

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