Shanghai Spot Nickel Prices to Hover Narrowly (2016-4-1)
China’s official PMI slated for release today is expected to improve.
SHANGHAI, Apr. 1 (SMM) – China’s official PMI slated for release today is expected to improve. LME nickel should hover between USD 8,400-8,500/mt today. SHFE 1605 nickel should fluctuate between RMB 66,000-66,500/mt. Spot nickel in China should move between RMB 66,300-67,000/mt. Downstream buyers are suggested to remain cautious.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-1)
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.
