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SMM Nickel Market Morning Review (2015-5-26)
May 26,2015 09:54
CSTprice review forecast
Source:SMM
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.
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