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

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

iconMar 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
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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news