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Shanghai Spot Nickel to Fall (2016-5-10)
May 10, 2016 09:44Source:SMM
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 prices
LME nickel prices
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