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SMM Nickel Market Morning Review (2015-5-5)
May 5,2015 09:54
CSTprice review forecast
Source:SMM
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.
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