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SHFE 1609 nickel started at RMB 68,190/mt overnight and once fell to RMB 67,770/mt. The contract later ranged RMB 68,300-68,500/mt before closing at RMB 68,350/mt.

[www.ferro-alloys.com]SHFE 1609 nickel started at RMB 68,080/mt for night session last Friday and ranged RMB 68,000-68,600/mt.

[www.ferro-alloys.com] The nickel ore price maintains a stable trend this week.

[www.ferro-alloys.com]The Nickel ore futures still maintain a stable condition this week, but there is a slight increase for the spots.

[www.ferro-alloy.com]There is a tight spot supply for ferronickel (0.9-1.1%) marketing, where its quotation is RMB 1980-2000/T.

[www.ferro-alloys.com]LME price has started to rebound after the fall in the last week, maintaining a rising momentum by breaking through the resistance line.

[www.ferro-alloys.com]The mainstream price of ferronickel (10-15%) is RMB 750-780/Ni in many areas

A bullish outlook that will see nickel climb out of its current price slump and double in value to in excess of US$20000 a tone before March 2017, has been forecast today by market observer, Alto Capital.