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Home / Metal News / SMM Nickel Market Morning Review (2015-4-7)

SMM Nickel Market Morning Review (2015-4-7)

Apr 7, 2015 09:55

The LME market was closed last Friday.

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.

nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Nickel Market Morning Review (2015-4-7)

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