LME Nickel Set for Gains (2016-3-8)-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Copper
  • Silicon
  • Nickel ore
  • Aluminium
  • Inventory data
  • Sales data
  • Market commentary
  • Evening comments
  • Stainless steel
  • Production data
  • Nickel
  • Zinc
  • Morning comments
  • Futures movement

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

Price Review & Forecast 10:08:21AM Mar 08, 2016 Source:SMM

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)

Key Words:  LME nickel prices  ni prices 

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

Price Review & Forecast 10:08:21AM Mar 08, 2016 Source:SMM

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)

Key Words:  LME nickel prices  ni prices