SHANGHAI, Jun. 25 (SMM) – Several major banks announced to lower their 2015 price outlook for nickel, citing poor demand as major reasons behind their cut.
Credit Suisse
The bank announced to lower its 2015 nickel price forecast to $13,751 per tonne Jun. 23, down 14%.
Morgan Stanley
The bank cut its third quarter nickel outlook by 12% to $13,228 per tonne, and by 10% to $13,448 per tonne for fourth quarter.
ANZ Bank
The bank reduced its third quarter forecast by 14% to $15,000 per tonne, and down 11% to $16,000 per tonne for fourth quarter.
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