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Home / Metal News / Shanghai Spot Nickel to Fall (2016-5-6)

Shanghai Spot Nickel to Fall (2016-5-6)

May 6, 2016 09:48

Source:SMM

LME nickel is expected to rally today. September nickel on the SHFE will move between RMB 70,000-72,500/mt.

SHANGHAI, May 6 (SMM) – LME nickel is expected to rally today. September nickel on the SHFE will move between RMB 70,000-72,500/mt. Spot nickel in Shanghai will drop to RMB 69,500-71,500/mt. Downstream buyers are advised to purchase at lows.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)

SHFE nickel prices

LME nickel prices

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SHFE 1605 nickel started at RMB 68,180/mt overnight and then narrowly ranged RMB 68,100-68,300/mt.

Mar 29, 2016 15:41

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SMM Comments

SHFE Nickel Ends Up 1.66% (Jan. 18, 2016)

SHFE 1605 nickel started last Friday night session at RMB 67,820/mt and bounced back to RMB 68,960/mt.

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SMM Comments

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SMM Comments

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Nov 2, 2015 19:35

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Shanghai Spot Nickel to Fall (2016-5-6)

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