Contract Bid (US$ / Tonne) Offer (US$ / Tonne)* Cash: 17344.00: 17344.00: 3-months: 17403.00: 17403.00: Dec 21: 17703.00: 17703.00 * LME Official Settlement Price = cash offer. Zinc 1960-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical | News. The average for the month 55.35. On the other hand, according to Trading Economics’ silver spot forecast, the metal is expected to trade at $23.48 per ounce by the end of this quarter and drop to … Refined nickel prices will continue to lose steam in the coming months as overly-optimistic demand-side expectations from electric vehicle (EV) production begin to fade and fundamentals loosen. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Price Review & Forecast. High price 57.33, low 52.97. Fitch also raised its average price forecast for 2021 to $6,300/tonne from $6,100/tonne. December 11, 2020 It is a silvery-white lustrous metal with a slight golden tinge. A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Following Indonesia's ban on nickel ore exports at the end of 2019, its domestic NPI production is set to rise to 550,000 tonnes this year, surpassing China's 500,000 tonnes, Chen said. LME Three-Month Copper Price . LME cash copper CMCU0 is expected to average $6,800 a tonne next year, a median forecast of 27 analysts showed, down 1% from Tuesday's closing price. Global Battery Grade Nickel Hydroxide Revenue Forecast by Region (2021-2026) (US$ Million) Table 129. Based on the leading indicators (or lack thereof) and more importantly the chart setup we see the following copper price forecast for 2020 and 2021. TRADING ECONOMICS provides forecasts for Commodity prices based on its analysts expectations and proprietary global macro models. Copper Price Forecast Summary for 2020 and 2021. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Handful of uncut diamonds. Credit: iStock/rgbdigital. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. Another forecast from the International Monetary Fund (IMF) suggests that aluminum price will rise in 2020 and 2021 to … Although China produces around a third of the world’s zinc, Sanchez said, many other countries, including Canada, Australia, China, Peru, and the U.S., also produce significant quantities. The Innovative research report on Global Carbonyl Nickel Powder Market Added by Index Markets Research, offers intelligence on current and future growth trends pertaining to the business besides information on various regions across the geographical landscape of the Carbonyl Nickel … It is a silvery-white lustrous metal with a slight golden tinge. It is a silvery-white lustrous metal with a slight golden tinge. The current forecasts were last revised on January 5 of 2021. This is our forecasted copper price for the coming years. 18.1 Global Nickel Tube Revenue Forecast (2020-2027) 18.1.1 Global Nickel Tube Revenue (USD Million) and Growth Rate (%) Forecast (2020-2027) 18.2 Global Nickel Tube Revenue (USD Million) Forecast by Regions (2020-2027) 18.2.1 North America Nickel Tube Revenue (USD Million) Forecast (2020-2027) Currency Exchange rate; GB Pounds Sterling: 1.3656: Japanese … Nickel Price: Get all information on the Price of Nickel including News, Charts and Realtime Quotes. As the world’s economies start to pick up following the impacts from the Covid-19 pandemic, CPM Group’s director of commodities and asset management Carlos Sanchez expects base metals markets to return to normality in 2021, supporting increases in prices. The red metal was the undisputed star of the London Metals Exchange Week in late October, with the experts agreeing that it will perform better than aluminium, tin, zinc and even nickel. LME Nickel official prices, US$ per tonne. SMM Evening Comments (Jan 5): Shanghai nonferrous metals rose across the board on Tuesday . By: Trish Saywell December 8, 2020 Volume 106 Number 26 Dec 21, 2020 – Jan 3, 2021. S&P 500 Forecast 2021, 2022, 2023. Given the increasingly severe spot market supply shortage for sheet products, we have significantly upgraded our price forecasts not only for December, but for 2021 as well. Fitch also raised its average price forecast for 2021 to $6,300/tonne from $6,100/tonne. These analyses will help the reader to understand the potential worth of investment in a particular region. DUBLIN, Jan. 6, 2021 /PRNewswire/ -- The "Global Nickel Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering. The U.S., Sanchez noted, is becoming increasingly self-sufficient in several commodities, including copper. Company News. Feature. Volume 106 Number 26 Dec 21, 2020 – Jan 3, 2021. The global nickel hydroxide market is expected to grow in the forecast period of 2021-2026 at a CAGR of 5%. The batteries are further segmented into pocket batteries and mid-high rate batteries. In the longer term, Fitch forecasts global nickel mine production to grow by an annual average rate of 3.7% y-o-y over 2021-2029, a significant slowdown from … Table 4: Global: Nickel Market Forecast: Breakup by End-Use Industry (in ‘000 Metric Tons), 2020-2025 Table 5: Global: Nickel Market Forecast: Breakup by Region (in ‘000 Metric Tons), 2020-2025 Table 6: Global: Nickel Market: Competitive Structure Table 7: Global: Nickel Market: Key Players . Allaying possible tensions between the U.S. and China over the bluish-white metal, he said. Jan 5, 2021 … Global Battery Grade Nickel Hydroxide Revenue Market Share Forecast by Region (2021-2026) Table 130. “We’re already seeing normal supply and demand dynamics returning to pre-pandemic levels for the base metal markets,” he said in an interview. High price 57.33, low 52.97. Live price charts, forecasts, technical analysis, news, opinions, reports and discussions. Feature. Long-term copper price forecast for 2021: considerable obstacles remain. According to our platinum forecast we expect a bullish breakout early 2021. Nickel - data, forecasts, historical chart - was last updated on January of 2021. CRU’s market analysis gives an in-depth examination of supply, demand, trade and prices of nickel worldwide. However, it is then expected to end 2021 trading at $26.5 per ounce and appreciate to $31.5 per ounce by October 2025. In 2021, Sanchez forecasts zinc to trade at US$2,628 per tonne, up 17% from an average of US$2,246 per tonne in 2020, with nickel rising to US$15,557 per tonne, an increase of 14.5% from an average of US$13,582 per tonne in 2020. Your email address will not be published. View Ethereum (ETH) price prediction chart, yearly average forecast price chart, prediction tabular data of all months of the year 2021 and all other cryptocurrencies forecast. Oil Price forecast for May 2021. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. Jan 06, 2021 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." The global Primary Nickel Metal market is valued at xx million US$ in 2020 is expected to reach xx million US$ by the end of 2026, growing at a CAGR of xx% during 2021-2026. To learn more, click more information Accept. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF The Asia Pacific Market to Be Aided by the Increased Demand for Batteries The global market for nickel hydroxide is expected to record a healthy growth over the forecast period. NANJING, China Nov 5 (Reuters) - The surplus in the global nickel market this year is set to narrow in 2021, research house Antaike said on Thursday, as a rise in consumption of the metal used in stainless steel and electric-vehicle batteries outpaced production growth. ICSG Releases Latest Copper Market Forecast 2020-2021 Download Press Release. Tin, the best performer, surged 3.59% to lead the gains, copper edged up 0.1%, aluminium added 0.46%, zinc rose 1.39%, lead advanced 0.57% and nickel gained 2.18%. Antaike, the research arm of the China Nonferrous Metals Industry Association, sees primary nickel in a surplus of 118,000 tonnes … Government delegates and industry advisors from most of the world’s leading copper producing and using countries met to discuss key issues affecting the global copper market. Our annual platinum price forecast is one of those important forecasts because of the upside potential of this grey metal. The report offers in-depth assessment of the growth and other aspects of the Primary Nickel Metal market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. This is our forecasted copper price for the coming years. WTI oil price forecast for June 2021. By continuing to browse you agree to our use of cookies. Shanghai Metals market(SMM) news center supply the latest Nickel price news, the latest Nickel world market comments, china Nickel price forecast analysis. While we correctly forecast further pricing gains in November, actual prices surpassed our forecasts, with US hot-rolled coil averaging $727 per ton in November, versus our forecast of $705 per ton. We have kept our nickel price forecast at US$10 000/ton for 2018 and expect prices to head lower over our forecast period from 2017-2021 as the global nickel market surplus widens. By: carl A. Williams Oil Prices Online and News Report. Nickel is a chemical element with symbol Ni and atomic number 28. While we correctly forecast further pricing gains in November, actual prices surpassed our forecasts, with US hot-rolled coil averaging $727 per ton in November, versus our forecast of $705 per ton. 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