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LME Nickel to Return to Rise (2016-4-22)
Apr 22, 2016 09:28Source:SMM
ECB President’s speech may hint at more monetary stimulus.
SHANGHAI, Apr. 22 (SMM) – ECB President’s speech may hint at more monetary stimulus. The pullback in base metals was due mainly to correction after big gains. LME nickel has held firmly above USD 9,000/mt and will return to rise.
SHFE 1609 nickel will fall slower and move at RMB 71,500-75,000/mt on Friday.
In domestic spot market, spot nickel prices will follow SHFE nickel down to RMB 70,000-71,500/mt. Downstream producers are suggested to increase purchases at low prices.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-22)
LME nickel prices
SHFE nickel prices
nickel prices
Ni price
base metal price forecast
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