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Shanghai Spot Nickel to Fall (2016-5-10)

Published: May 10, 2016 09:44
The US dollar index continued to rebound, while ferrous metals extended losses, weighing on base metals.

SHANGHAI, May 10 (SMM) – The US dollar index continued to rebound, while ferrous metals extended losses, weighing on base metals. LME nickel is expected to stabilize today. September nickel on the SHFE will move between RMB 68,000-70,000/mt. Spot nickel in Shanghai will drop to RMB 67,500-68,800/mt. Downstream buyers are advised to wait and see.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-10)


SHFE nickel pricesLME nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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