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)


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)