SHANGHAI, Apr. 7 (SMM) – The LME market was closed last Friday.
US non-farm employment data fell far short of market expectations, leaving the US dollar index weak. LME nickel prices should rebound. SHFE 1507 nickel contract prices rose RMB 950/mt last Friday’s night session, and are expected to return to RMB 100,000/mt. Spot nickel prices in Shanghai should edge up to RMB 98,500-100,500/mt.