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

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

Price Review & Forecast 09:44:50AM May 10, 2016 Source:SMM

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)


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%)

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

Price Review & Forecast 09:44:50AM May 10, 2016 Source:SMM

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)