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

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

Jan 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

For queries, please contact William Gu at williamgu@smm.cn

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