Morgan Stanley has improved prognosis in nickel prices

International Commercial Bank of Morgan Stanley increased its price forecast for nickel in 2011 to 10.5%, to 12.15 dollars per pound (26.79 thousand U.S. $ / ton). This was stated in the bank. First at Morgan Stanley assumed that the price of nickel this year will average $ 11 per pound. It is also worth noting that bank analysts expect the global shortage of nickel in the current year at 21.7 thousand tons. Previously, they predicted that the shortage of metal in the world market will not exceed 6.8 tonnes. Earlier, Deutsche Bank analysts expressed the view that nickel prices on the London Metal Exchange in 2011 will increase to 27.25 thousand dollars per ton. Next year, they estimated that the metal will rise in price to 30 thousand dollars / ton, and in 2013 - on the contrary, fall in price to 28 thousand dollars per ton. In turn, the production of nickel in the world market this year will grow by 11,6% to 1.685 million tons. In 2012, the release of the metal will rise by 9.2% to 1.839 million tons and in 2013 - by 3,7% to 1.907 million tons. Projected to Emerging Markets Monitor, the average price for nickel in 2011 will be 24 thousand dollars / ton, and in 2012 will increase to 25 thousand dollars per ton. Ministry of Industry