Home / Metal News / Shanghai Spot Nickel Prices to Rise (2016-1-15)

Shanghai Spot Nickel Prices to Rise (2016-1-15)

iconJan 15, 2016 10:13
Source:SMM
Risk appetite improved after negative news was absorbed.

SHANGHAI, Jan. 15 (SMM) – Risk appetite improved after negative news was absorbed. Gold prices slumped while stock markets soared. LME nickel is expected to fall today.

See forecast for other base metals, please click:Price Gains to Continue in Shanghai Market, SMM Says

SHFE 1605 nickel prices should shed gains and move between RMB 67,000-70,000/mt. Shanghai spot nickel should rise to RMB 67,000-69,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-15)


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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news