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Home / Metal News / Shanghai Spot Nickel Prices to Inch up (2016-3-28)

Shanghai Spot Nickel Prices to Inch up (2016-3-28)

Mar 28, 2016 09:07

Profit at China’s industrials rose YoY thanks to regulations on crude oil prices and property prices.

SHANGHAI, Mar. 28 (SMM) – Profit at China’s industrials rose YoY thanks to regulations on crude oil prices and property prices. The LME market will remain closed today. SHFE 1605 nickel should rise to RMB 68,300-69,300/mt. Spot nickel in China should edge up to RMB 67,400-68,800/mt. Downstream buyers are suggested to purchase as needed.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-28)

nickel prices

SHFE nickel prices

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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SMM Comments

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SMM Comments

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SMM Comments

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May 13, 2016 09:23

SMM Comments

SHFE Nickel Registers Losses (April 26, 2016)

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SMM Comments

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Shanghai Spot Nickel Prices to Inch up (2016-3-28)

SMM Events & Webinars

2025 ASIA BATTERY MATERIAL COOPERATION SALON

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AICE 2025 SMM (14th) Aluminum Industry Annual Conference