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LME Nickel to Rise to $10,800 per tonne in September, SMM Expects
Sep 18,2016 16:32CST
SMM Comments
Source:SMM
LME nickel is expected to advance to $10,800 per tonne in September, Shanghai Metals Market foresees.

SHANGHAI, Sep. 18 (SMM) – LME nickel is expected to advance to $10,800 per tonne in September, Shanghai Metals Market foresees. 

China Nickel Ore Imports from Philippines to Drop 22-25 Per cent in 2016, SMM Expects

China’s nickel supply to grow significantly in September, SMM latest survey finds. Demand, however, is also expected to pick up with the arrival of September-October peak season in China, which will support nickel prices. 

Moreover, the dollar, with index estimated to hover between 94-96 in September, will also relieve nickel price pressure, SMM adds.

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