Nickel Market News

Nickel Technicals: $17,000/mt Support Frames the Hedge Band

June 13, 2026 · 3 min read · Rzzro Intelligence

▸ Nickel is trading inside a $17,380-$18,340/mt 10-day LME range; $17,000/mt is the key support line for procurement hedges.

LMEn/a

LME Changeflat

SHFEn/a

10-Day Rangen/a–n/a

LME Nickeln/a

Fact: the latest 10-day LME range for nickel is n/a to n/a.

The technical view is simple: price is range-bound until one side of the band breaks.

Rzzro view: buyers should use support levels as hedge windows and resistance levels as proof that momentum has returned.

What this means for buyers

Cover 1-3 months when LME nickel is below $17,500/mt. Watch stainless steel margins and Indonesia policy; nickel can move quickly when supply and battery demand shift together.

Sources: Rzzro price feed, LME, SHFE