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Home / Metal News / Shanghai Spot Nickel Prices to Hold Stable (2016-3-23)

Shanghai Spot Nickel Prices to Hold Stable (2016-3-23)

Mar 23, 2016 09:16

Source:SMM

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)

SHFE nickel prices

LME nickel prices

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