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

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