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

Published: Mar 28, 2016 09:07

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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

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