LME Nickel to Face Pressure (2016-5-9)-Shanghai Metals Market

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LME Nickel to Face Pressure (2016-5-9)

Price Review & Forecast 10:06:43AM May 09, 2016 Source:SMM

SHANGHAI, May 9 (SMM) – The US dollar index remained strong. LME nickel is expected to face pressure today. September nickel on the SHFE will move between RMB 69,500-71,000/mt. Spot nickel in Shanghai will move between RMB 69,100-70,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)


Price

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1# Silver ingots(99.99%)
Oct.17
4234.0
-25.0
(-0.59%)
2# Silver ingots(99.95%)
Oct.17
4219.0
-25.0
(-0.59%)
3# Silver ingots(99.90%)
Oct.17
4204.0
-25.0
(-0.59%)
Gold(99.99%)
Oct.17
341.0
0.9
(0.28%)
Gold(99.95%)
Oct.17
340.7
1.0
(0.29%)

LME Nickel to Face Pressure (2016-5-9)

Price Review & Forecast 10:06:43AM May 09, 2016 Source:SMM

SHANGHAI, May 9 (SMM) – The US dollar index remained strong. LME nickel is expected to face pressure today. September nickel on the SHFE will move between RMB 69,500-71,000/mt. Spot nickel in Shanghai will move between RMB 69,100-70,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)