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Shanghai Spot Nickel Prices to Fall (2016-3-21)

iconMar 21, 2016 10:02
LME nickel is expected to stop falling today.

SHANGHAI, Mar. 21 (SMM) – LME nickel is expected to stop falling today. SHFE 1605 nickel should move between RMB 67,500-70,000/mt. Spot nickel in China should drop to RMB 66,500-68,200/mt. Downstream buyers are suggested to buy at lows.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-21)


LME nickel 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.

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