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Home / Metal News / Shanghai Spot Nickel Prices to Remain Range-Bound (2016-1-25)

Shanghai Spot Nickel Prices to Remain Range-Bound (2016-1-25)

Jan 25, 2016 10:18

Source:SMM

Crude oil prices rebounded, but liquidity tightens.

SHANGHAI, Jan. 25 (SMM) – Crude oil prices rebounded, but liquidity tightens. LME nickel is expected to remain range-bound.

See forecast for other base metals, please click:Base Metal to Rise First This Week, SMM Says

SHFE 1605 nickel prices should stabilize between RMB 69,000-71,000/mt. Shanghai spot nickel should stabilize at RMB 68,000-69,400/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-25)

SHFE nickel prices

LME nickel prices

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

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