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Home / Metal News / Nickel Prices Fluctuated around $18,000/mt, Waiting for SHFE Price Guidance 【SMM post-holiday review】

Nickel Prices Fluctuated around $18,000/mt, Waiting for SHFE Price Guidance 【SMM post-holiday review】

Oct 8, 2021 13:11

Source:SMM

The global energy shortage intensified. The prices of natural gas and other energy and chemical products soared, while the prices of non-ferrous metals stood relatively stable.

SHANGHAI, Oct 8 (SMM) – The global energy shortage intensified. The prices of natural gas and other energy and chemical products soared, while the prices of non-ferrous metals stood relatively stable.

Three-month LME nickel basically stood stable at around $18,000/mt. The prices rose 0.17% this week with the support at 40-day moving average. The SHFE nickel prices will guide the LME nickel after the market opens today. SMM will monitor the power rationing of the nickel sulphate and stainless steel companies.

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