Non-ferrous

Non-ferrous
Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

New Energy
Price CenterDatabaseProReportsEventsCar Insight
SHANGHAI, Apr. 19 (SMM) –SHFE 1609 nickel contract is expected to move at RMB 70,500-72,500/mt on Tuesday, with longs expected to take profit at highs.
Rally of crude oil prices will boost base metals prices. India launched anti-dumping investigation into Chinese stainless steel. LME nickel should rise initially before falling back.
In domestic spot market, spot nickel prices will rise to RMB 69,200-71,000/mt. Downstream producers are suggested to purchase in small amounts.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-19)
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn