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Shanghai Spot Nickel to Hold Stable (2016-5-11)
May 11, 2016 09:41Source: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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