SMM Nickel Market Morning Review (2015-4-23)

Published: Apr 23, 2015 09:57

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In China’s domestic spot market, prices are expected to stabilize between RMB 93,000-95,500/mt.

SHANGHAI, Apr. 23 (SMM) – Markets are now waiting for of China’s HSBC PMI results.

LME nickel now lacks the rising momentum following a stable dollar and technical resistance, despite of a rallying oil.

SHFE 1507 nickel prices fell RMB 70/mt Wednesday evening, and in China’s domestic spot market, prices are expected to stabilize between RMB 93,000-95,500/mt.

LME nickel prices SHFE nickel prices morning review

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