Nickel Prices to Stay Firm (2017-8-30)-Shanghai Metals Market

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Nickel Prices to Stay Firm (2017-8-30)

Price Review & Forecast 09:37:26AM Aug 30, 2017 Source:SMM

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)

 

Nickel Prices to Stay Firm (2017-8-30)

Price Review & Forecast 09:37:26AM Aug 30, 2017 Source:SMM

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)