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

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

Price Review & Forecast 09:48:19AM May 06, 2016 Source:SMM

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)


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

Price Review & Forecast 09:48:19AM May 06, 2016 Source:SMM

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)