Metals News
LME Nickel to Trade at $10,550-11,200/t, SMM Predicts
smm insight

SHANGHAI, Aug. 14 (SMM) – As of Aug. 11, LME nickel finished the week up 3.24 per cent on a weekly basis, and SHFE 1801 nickel registered a week-on-week growth at 1.91%.

Last week, LME nickel remained in upward track, climbing to $10,990 per tonne briefly on August 10, while SHFE 1801 nickel underperformed LME nickel. 

China Sees Big Increases in Total Nickel Ore Port Inventories, SMM Reports

What’s price outlook this week?

LME nickel is expected to trade at $10,550-11,200 per tonne this week, citing positive macro-economic environment and rising downstream demand. 

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