LME Nickel to Trade at $10,550-11,200/t, SMM Predicts-Shanghai Metals Market

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

SMM Insight 10:23:05AM Aug 14, 2017 Source:SMM

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. 

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

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

SMM Insight 10:23:05AM Aug 14, 2017 Source:SMM

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. 

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