Home / Metal News / LME Nickel to Rise during Chinese Holiday Period, SMM Says

LME Nickel to Rise during Chinese Holiday Period, SMM Says

iconFeb 5, 2016 17:43
Source:SMM
Chinese market will be closed this coming week for the 2016 Chinese New Year holiday, and LME nickel is expected to advance during the period, SMM foresees.

SHANGHAI, Feb. 5 (SMM) – Chinese market will be closed this coming week for the 2016 Chinese New Year holiday, and LME nickel is expected to advance during the period, SMM foresees. 

“LME lead underperformed others last week, but prices are expected to rise slightly during the week-long holiday in China,” SMM nickel analyst says. 

During the first trading week after Chinese holiday, trading in China’s domestic spot market is not expected to improve significantly, SMM adds. 

During the period from Feb. 8-19, LME nickel is expected to trade between $ 8,450-9,000 per tonne, SMM predicts. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

ni prices
nickel prices
LME nickel price forecast
SHFE nickel prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news