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)
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