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

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

Price Review & Forecast 09:38:23AM May 16, 2016 Source:SMM

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)


Price

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1# Zinc
Oct.17
18820.0
-110.0
(-0.58%)
0# Zinc
Oct.17
18890.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.17
19790.0
-110.0
(-0.55%)

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

Price Review & Forecast 09:38:23AM May 16, 2016 Source:SMM

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)