Shanghai Spot Nickel Prices to Stabilize (2016-1-19)

Published: Jan 19, 2016 09:40

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Saudi Arab will increase crude oil output, with China’s Q4 GDP slated for release today. LME nickel is expected to level off.

SHANGHAI, Jan. 19 (SMM) – Saudi Arab will increase crude oil output, with China’s Q4 GDP slated for release today. LME nickel is expected to level off.

See forecast for other base metals, please click:Volatility in Shanghai Market Grows, SMM Says

SHFE 1605 nickel prices should move between RMB 68,500-70,000/mt. Shanghai spot nickel should stabilize at RMB 67,500-68,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-19)

base metals prices

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