[Ferro-Alloys.com]Last Friday (Sep.27th), the opening price of LME Ni was USD$13825/mt, which then ran between USD$13781-14030/mt, closing at USD$13961/mt with an increasing rate of USD$151/mt. The nickel stock decreased 60tons to 226218tons, compared with the day before.  

 

In recent days, the worries for the QE reduction of the market relieved and they concerned more about the potential benefit to the economy from the Chinese macro-economy policies and reform. In Asian session, the LME nickel ran smoothly. Despite the mixed data, the market paid much more attention to the debt of U.S.. As a result, the dollar index decreased by 0.32% on Sep.27^th for bearing the pressure. Adding to the sound economic sentiment index of Europe, the LME nickel price increased much.

 

During the National holiday of China, the participation of Chinese players would decrease. During this time, many risk data would be released, but the nickel price was expected to grow slightly as the data would totally benefit to the metal.