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