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Home / Metal News / Shanghai Spot Nickel Prices to Rise (2016-3-3)

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

Mar 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

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SHFE 1605 nickel started at RMB 68,180/mt overnight and then narrowly ranged RMB 68,100-68,300/mt.

Mar 29, 2016 15:41

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