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Home / Metal News / LME Nickel to Return to Rise (2016-4-22)

LME Nickel to Return to Rise (2016-4-22)

Apr 22, 2016 09:28

Source: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

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

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