According to the head of French mining group Eramet, the supplies of the nickel will be disrupted by sanctions and will affect Europe and the US.

LME nickel inventory made a record of 306,828 tons at the time of trade closing on July 8 (= at the time of trade opening on July 9), and updated an all-time high record.

Nickel advanced to the highest since May as the U.S. unemployment rate fell to the lowest in almost six years, signaling that stronger economies will boost demand amid supply curbs.

Ferronickel market weekly comment(September 28th-September 30th) The price of high grade ferronickel price was stable in this week

The price of Jinchuan electrolytic nickel remained the same on December 20th

Jinchuan cut down its electrolytic nickle price by 500RMB/T on April 18th

Oil prices continued to rise to boost the base metal prices

This week will see release of July manufacturing PMIs from major economies, US non-farm employment data, as well as policy meeting of the Bank of England (BOE).