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

Published: Jan 25, 2016 10:18

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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

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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