LME Nickel to Trade at $10,200-10,600 per tonne, SMM Predicts-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • hydrogen stations
  • Market commentary
  • Copper
  • thép
  • Production data
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Morning comments
  • Mengtai Group
  • Lithium
  • Iron ore

LME Nickel to Trade at $10,200-10,600 per tonne, SMM Predicts

SMM Insight 06:20:12PM Oct 14, 2016 Source:SMM

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.

LME Nickel to Trade at $10,200-10,600 per tonne, SMM Predicts

SMM Insight 06:20:12PM Oct 14, 2016 Source:SMM

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.