Shanghai Spot Nickel Prices to Hold Stable (2016-3-23)
China is researching Tobin tax so as to prevent capital outflows.
SHANGHAI, Mar. 23 (SMM) – China is researching Tobin tax so as to prevent capital outflows.LME nickel is expected to fall today. SHFE 1605 nickel should consolidate at RMB 67,500-70,000/mt. Spot nickel in China should stabilize at RMB 67,500-69,000/mt. Downstream buyers are suggested to take a wait-and-see posture.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-23)
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
