Home / Metal News / Nickel / LME Nickel to Trade at $10,200-10,600 per tonne, SMM Predicts
LME Nickel to Trade at $10,200-10,600 per tonne, SMM Predicts
Oct 14,2016 18:20CST
SMM Insight
Source:SMM
This past week is the first trading week after China’s National Day holiday from Oct. 1-7. 

SHANGHAI, Oct. 14 (SMM) – This past week is the first trading week after China’s National Day holiday from Oct. 1-7. 

Over this past week, LME nickel rose all the way in early week but then fell back, and SHFE 1701 nickel rallied after a decline in early week.

In the coming week, LME nickel is expected to trade at $10,200-10,600 per tonne, and 80,000-83,000 yuan per tonne for SHFE 1701, SMM predicts.

Nickel ore inventories at China’s major ports were down sharply from the pre-holiday level, according to SMM data.   

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

nickel prices
nickel price forecast
ni prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news