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What’s Nickel Price Outlook after Shining Week? SMM Reports

iconJul 31, 2017 11:12
Source:SMM
Last week, nickel, together with copper, led price gains in base metals market, and on last Friday’s night trading, nickel also extended gains. 

SHANGHAI, Jul. 31 (SMM) – Last week, nickel, together with copper, led price gains in base metals market, and on last Friday’s night trading, nickel also extended gains. 

What’s price outlook for nickel market after a shining week?

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The positive impact from Philippine President’s tax warning on miners, which shore up LME nickel last week, is expected to be waning. A weak dollar, on the other hand, will support base metals. 

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SMM expects nickel to hover at highs this week, with LME nickel at $9,900-10,200 per tonne. 

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

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