SMM Nickel Market Morning Review (2015-5-5)

Published: May 5, 2015 09:54

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The LME market was closed yesterday.

SHANGHAI, May 5 (SMM) – The LME market was closed yesterday.

The US dollar index stopped falling. HSBC’s April manufacturing PMI hit a near-one-year low, and euro zone manufacturing PMI in April also dropped. LME nickel prices are expected to point toward USD 14,000/mt level. SHFE 1507 nickel contract prices rose RMB 480/mt Monday evening. Spot nickel prices in Shanghai will hold stable between RMB 100,500-103,500/mt today.

nickel prices

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

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