Shanghai Nickel Prices to Remain Stable (2016-1-14)

Published: Jan 14, 2016 09:36

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NYMEX crude oil prices fell, and Brent oil prices dropped below USD 30/bbl. LME nickel is expected to fall further today.

SHANGHAI, Jan. 14 (SMM) – NYMEX crude oil prices fell, and Brent oil prices dropped below USD 30/bbl. LME nickel is expected to fall further today.

See forecast for other base metals, please click:Base Metal to See Price Rally, SMM Says

SHFE 1605 nickel prices should move between RMB 65,500-66,500/mt. Downstream purchases decreased after spot nickel rebounded. Shanghai spot nickel should stabilize at RMB 64,000-66,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-14)

LME nickel prices SHFE 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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