Jiangsu Dafeng Harbour holding group in Indonesia Southeast Sulawesi province will invest and build the smelting project of annual 300,000 tons of Ferronickel.

US crude oil inventories and IFO economic climate index for Germany in May will be announced today. Base metals are expected to strengthen with crude oil today, but a few metals will remain weak.

[Ferro-Alloys.com]LME nickel continued to rise this week after breaking through MA89 on Tuesday, up 3.87% on the day. The price began to fall after hitting 9,000 and was trying to break the resistance level of 9,000.

[Ferro-Alloys.com]LME nickel price broke through MA89 downwards the week earlier and a breakout was not seen in the week. The price was currently repressed by the MA89, moving around 8,400 level.

Tracking a firm trend overseas, copper and nickel strengthened by Rs 5 per kg at the local non-ferrous metal market today.

[Ferro-Alloys.com]Price for LME nickel declined sharply after seeing a 25% rebound from 7,550 to 9,480 from Feb 12 to Mar 7. The price is currently fluctuating around the 100-day MA.

[www.ferro-alloys.com] Since mid February, nickel price London Metal Exchange (LME) has shown an optimistic and positive trend. From Feb 12nd to Mar 3rd, nickel price has advanced from $7750 to $8990. The dynamic mentioned above continued during last week mate...

This week, nickel price rebounded a little which mostly digested the downturns in Chinese New Year. And nickel stock in LME has also shed several thousand tons.