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Shanghai Spot Nickel to Hold Stable (2016-5-16)
May 16,2016 09:38CST
price review forecast
Source:SMM
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

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