SMM Nickel Market Morning Review (2015-5-26)

Published: May 26, 2015 09:54

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The LME market was closed yesterday.

SHANGHAI, May 26(SMM) – The LME market was closed yesterday.

China is pushing a series of stimulus measures to stabilize Chinese economy. The US dollar index is expected to rise on improving US economic indicators. LME nickel prices should test USD 13,000/mt today. SHFE 1507 nickel contract prices rose RMB 1,830/mt Monday evening. Spot nickel prices in Shanghai will move between RMB 96,000-101,000/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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