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Shanghai Spot Nickel to Slump (2016-5-13)
May 13, 2016 09:23Source: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
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