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Home / Metal News / Nickel Prices Poised to Rise This Coming Week, SMM Predicts

Nickel Prices Poised to Rise This Coming Week, SMM Predicts

iconApr 15, 2016 19:14
Source:SMM
Last week, LME nickel strengthened with positive news, but failed to climb above USD 9,000/mt.

SHANGHAI, Apr. 15 (SMM) – Last week, LME nickel strengthened with positive news, but failed to climb above $9,000 per tonne.

“This coming week, nickel market is expected to keep rising, but investors should be wary of rapid price gains,” SMM nickel analyst foresees. 

Last week, news of nickel stocking by China’s State Reserve Bureau drove up SHFE nickel, in addition to positive data out of China. 

Is Nickel Stocking News True? What Impact on Nickel Prices? SMM Reports

This coming week, firm prices of NPI and nickel ore are expected to continue to boost market sentiment, SMM adds.  

SMM expects LME nickel to trade at $8,600-9,100 yuan per tonne this coming week. 

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

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For queries, please contact William Gu at williamgu@smm.cn

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

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