SHANGHAI, Aug. 30 (SMM) – One high-grade NPI producer in Shandong’s Binzhou reopened after environmental protection inspection team left. This eased worries over declines in NPI supply from environmental factor. LME nickel stocks rose further to highs reached in mid-June last year, suggesting overseas suppliers delivered actively at current nickel prices. Nickel prices will stay at current highs. SHFE 1801 nickel should range RMB 92,800-93,800/mt. Spot nickel prices will be RMB 91,700-92,800/mt in domestic market.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-30)