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

Published: May 13, 2016 09:23

Save

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 mins ago

Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target

US Fed Vice Chairman Jefferson expressed "cautious optimism" regarding the US economic outlook, suggesting that, driven by robust productivity growth, inflation is expected to pull back to the central bank's 2% target level. Additionally, Jefferson noted that the current policy stance is sufficient to effectively address economic developments.

2 mins ago

4 mins ago

Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices

According to big data from the commerce sector, as of February 5, a total of 335,000 subsidy applications had been received for the 2026 auto trade-in policy, effectively boosting new auto sales with a total value of 53.77 billion yuan. Further observation revealed that the average price of new cars involved in the trade-in activity in January exceeded the 160,000 yuan mark, showing a significant increase compared to the previous year.

4 mins ago

4 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

4 hours ago