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Shanghai Spot Nickel Prices to Rise (2016-3-3)

iconMar 3, 2016 09:14
Source:SMM
ADP employment numbers for the US in February topped market expectations. Gold slumped. LME nickel to consolidate in a wide range.

SHANGHAI, Mar. 3 (SMM) – ADP employment numbers for the US in February topped market expectations. Gold slumped. LME nickel to consolidate in a wide range.

SHFE 1605 nickel should fall to RMB 68,500-69,500/mt. Spot nickel should rise to RMB 67,700-68,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-3)


SHFE nickel prices
LME nickel price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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