Shanghai Spot Nickel Prices to Remain Firm (2016-2-19)

Published: Feb 19, 2016 09:28

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China’s credit loans surged, and gold posted sharp gains. Saudi Arab will not cut crude oil output.

SHANGHAI, Feb. 19 (SMM) – China’s credit loans surged, and gold posted sharp gains. Saudi Arab will not cut crude oil output. LME nickel is expected to remain range-bound, and May nickel on the SHFE will hover between RMB 66,500-67,500/mt today.

See forecast for other base metals, please click:Downward Pressures Remain in Nickel in Shanghai Market, SMM Says

Spot nickel should hold at RMB 65,000-66,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-19)

SHFE nickel prices LME nickel prices

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