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Home / Metal News / SMM Nickel Weekly Average Price Tumbles 2,460 yuan This Week

SMM Nickel Weekly Average Price Tumbles 2,460 yuan This Week

Sep 22, 2017 10:52

Source:SMM

The SMM nickel weekly average tumbled by 2,460 yuan per tonnes on a weekly basis, according to SMM data.

SHANGHAI, Sept. 22 (SMM) – The SMM nickel weekly average tumbled by 2,460 yuan per tonnes on a weekly basis, according to SMM data.

The SMM nickel price averaged at 87,975 yuan per tonne this past week.

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SMM survey finds that nickel purchase managers’ index (PMI) was 43.61% in October. The reading was better than forecast, but was lower than the level seen in September.

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Sep 13, 2017 09:38

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Wait-and-See Attitude Prevails High-grade NPI Market

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Aug 16, 2017 13:44

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Jinchuan Group cut nickel ex-works price by 300 yuan per tonne on Wednesday.

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Last week, SHFE 1709 nickel increased for four days in a row from July 11, and LME nickel rallied to $9,290 per tonne from $8,895 per tonne.

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SMM Nickel Weekly Average Price Tumbles 2,460 yuan This Week

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