Shanghai Spot Nickel to Fall (2016-7-5)

Published: Jul 5, 2016 09:23

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Crude oil pulled down. China’s property market weakened in June.

SHANGHAI, Jul. 5 (SMM) – Crude oil pulled down. China’s property market weakened in June. LME nickel rolled back some early gains overnight, and is expected to hover around USD 10,000/mt today. September nickel on the SHFE will move between RMB 78,500-80,500/mt. Spot nickel in Shanghai will fall to RMB 76,800-79,300/mt.

SHFE nickel prices LME nickel prices

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