[Ferro-Alloys.com]Yesterday (Sep. 9^th,), LME nickel opening price was USD$13,980/mt, which ran between USD$13,826/mt and USD$14,070/mt, closing at USD$13,940/mt, with the increasing rate of USD$10/mt. The nickel stock decreased 150 tons to 215,388 tons.

 

The Chinese economic data released in recent days still encouraged the LME nickel price’s rising,. Specifically, the export growth rate in Aug. was better than that in last year, recoding the highest point in recent four years. The CPI and PPI data were also in line with the expectation. As the largest metal consumption country, China’s recovery of demand encouraged much to the market. But meanwhile the worry of the market for the QE reduction at end of Sep. still existed, adding to the Syria’s unrest’s effect, the nickel bore large pressure. Before the QE had the final decision, the LME Ni market would continue watching the market.