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 Nickel Intermediate Products Daily Review] On July 2, nickel prices for MHP and high-grade nickel matte fell, while cobalt prices rose.](https://imgqn.smm.cn/usercenter/PuSOO20251217171732.jpeg)
