Shanghai Spot Nickel Prices to Fall (2016-4-8)
Gold prices surged as risk aversion grew. LME nickel should consolidate narrowly today.
SHANGHAI, Apr. 8 (SMM) – Gold prices surged as risk aversion grew. LME nickel should consolidate narrowly today. SHFE 1605 nickel should slip to RMB 65,000-67,000/mt. Spot nickel in China should fall to RMB 65,500-66,800/mt. Market panic increased, and arriving shipments of imported nickel climbed. Downstream buyers are suggested to purchase as needed.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-8)
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