SHANGHAI, Oct. 23 (SMM) – Shinzo Abe is expected to be re-elected as Japanese Prime Minister. The Japanese yen fell, while the US dollar jumped. Chinese yuan depreciated this morning. LME nickel will move above USD 11,600/mt today. SHFE 1801 nickel will fluctuate between RMB 93,600-95,200/mt today, with spot prices between RMB 93,400-94,800/mt.
![[SMM Analysis] This Week, the MHP and High-Grade Nickel Matte Markets Showed a Pattern of Weak Supply and Demand on Both Sides, with the Coefficient Remaining Stable](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)
![[SMM Nickel Midday Commentary] On April 3, nickel prices moved sideways, as Iran and Oman drafted an agreement on the regulation of the Strait of Hormuz](https://imgqn.smm.cn/usercenter/GmHLU20251217171733.jpg)
![[SMM Nickel Flash] Iran and Oman to Jointly Manage the Strait of Hormuz](https://imgqn.smm.cn/usercenter/yUOUz20251217171732.jpg)
