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

Published: May 11, 2016 09:41
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 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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