Shanghai Spot Nickel to Hold Stable (2016-5-16)

Published: May 16, 2016 09:38 (GMT+8)

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China’s major economic indicators in April were downbeat. LME nickel should lack ability to rise today.

SHANGHAI, May 16 (SMM) – China’s major economic indicators in April were downbeat. LME nickel should lack ability to rise today. September nickel on the SHFE will move between RMB 67,500-69,000/mt. Spot nickel in Shanghai will stabilize at RMB 66,800-68,300/mt. Downstream buyers are advised to remain cautious.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-16)

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.

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