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Home / Metal News / Shanghai Spot Nickel to Slump (2016-5-13)

Shanghai Spot Nickel to Slump (2016-5-13)

May 13, 2016 09:23

Source:SMM

The US dollar index returned to upward track.

SHANGHAI, May 13 (SMM) – The US dollar index returned to upward track. 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 slump to RMB 66,800-68,300/mt. Downstream buyers are advised to purchase modestly.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-13)

SHFE nickel prices

LME nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Shanghai Spot Nickel to Slump (2016-5-13)

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