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Home / Metal News / LME Nickel Set for Gains (2016-3-8)

LME Nickel Set for Gains (2016-3-8)

Mar 8, 2016 10:08

Source:SMM

LME nickel should challenge USD 9,500/mt during Asian trading hours Tuesday after recording a 7-day win streak.

SHANGHAI, Mar. 8 (SMM) – LME nickel should challenge USD 9,500/mt during Asian trading hours Tuesday after recording a 7-day win streak.

Iron ore and rebar future contracts hit by daily upside limit on Monday, boding well for nickel prices. SHFE 1605 nickel will range RMB 73,000-74,500/mt on Mar. 8 and spot nickel will quote at RMB 72,200-73,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-8)

LME nickel prices

ni prices

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Jinchuan Group raised its ex-works prices 1,500 yuan per tonne on Jun. 30.

Jun 30, 2016 14:43

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Apr 8, 2016 17:47

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Shanghai Spot Nickel Prices to Hover Narrowly (2016-4-1)

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Jinchuan Group Slashes Nickel Price by 2,100 yuan on Mar. 9

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Mar 10, 2016 10:13

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Feb 22, 2016 09:52

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Chinese market will be closed this coming week for the 2016 Chinese New Year holiday, and LME nickel is expected to advance during the period, SMM foresees.

Feb 5, 2016 17:43

Industry

Jinchuan Group Ups Nickel Prices 600 yuan on Jan. 19

Jinchuan Group raised its ex-works prices by 600 yuan per tonne on Jan. 19.

Jan 20, 2016 09:33

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LME Nickel Set for Gains (2016-3-8)

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