It is reported that LME nickel prices continued to remain downward trend, below the previously expected US$10300/ton level, whether to invert the trend remained to be seen.

The current LME nickel prices closed at US$10280 and US$10305/ton, on Friday fell US$120 and US$165/ton, which may block steel producers intend to increase November price confidence.

The International Nickel Study Group said, the global nickel market supply shortage of 47300 tons the end of August, the total was 1.2876 million tons which is far below 1.3348 million tons of demand forecast.