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Home / Metal News / Shanghai Spot Nickel to Hold Stable (2016-5-11)

Shanghai Spot Nickel to Hold Stable (2016-5-11)

May 11, 2016 09:41

Source:SMM

Crude oil producing countries continued to increase output.

SHANGHAI, May 11 (SMM) – Crude oil producing countries continued to increase output.

LME nickel is expected to remain range-bound today. September nickel on the SHFE will move between RMB 68,500-70,000/mt. Spot nickel in Shanghai will stabilize at RMB 67,800-69,000/mt. Downstream buyers are advised to purchase as needed.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-11)

SHFE nickel prices

LME nickel prices

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