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Shanghai Spot Nickel Prices to Stabilize (2016-2-4)
Feb 4, 2016 10:46Source:SMM
Crude oil prices rebounded on output cut expectations. The US dollar index plunged. LME nickel is expected to remain range-bound today.
SHANGHAI, Feb. 4 (SMM) – Crude oil prices rebounded on output cut expectations. The US dollar index plunged. LME nickel is expected to remain range-bound today.
See forecast for other base metals, please click:Shanghai Base Metal Price to Keep Firm ahead of Holiday, SMM Says
SHFE 1605 nickel prices should fluctuate between RMB 68,500-70,000/mt. Trading will be muted, and Shanghai spot nickel should stabilize at RMB 67,000-68,500/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-2-4)
LME nickel prices
SHFE nickel prices
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