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Home / Metal News / Shanghai Spot Nickel Prices to Fall (2016-4-8)

Shanghai Spot Nickel Prices to Fall (2016-4-8)

iconApr 8, 2016 09:39
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)


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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