LME Nickel to Rise (2017-8-29)

Price Review & Forecast 10:08:22AM Aug 29, 2017 Source:SMM

SHANGHAI, Aug. 29 (SMM) – Environmental crackdowns are turning market worried over NPI output in China. LME nickel should rise today after corrections last Friday. SHFE 1801 nickel should range RMB 94,500-95,500/mt. Spot nickel prices will be RMB 92,700-93,800/mt in domestic market.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-29)

Key Words: SHFE nickel prices nickel prices Ni price base metal price forecast

Relative News

Price

SMM #1 Nickel

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119550.0

-2900.0

(-2.37%)

#1 JinChuan Nickel

Nov.21

122050.0

-3350.0

(-2.67%)

#1 Import Nickel

Nov.21

117050.0

-2400.0

(-2.01%)

JinChuan B&C

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9900.0

-1700.0

(-14.66%)

Russian Nickel Premium

Nov.21

4900.0

-750.0

(-13.27%)

LME Nickel to Rise (2017-8-29)

Price Review & Forecast 10:08:22AM Aug 29, 2017 Source:SMM

Key Words: SHFE nickel prices nickel prices Ni price base metal price forecast