Shanghai Spot Nickel to Hold Stable (2016-5-18)

Published: May 18, 2016 09:41

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LME nickel should face downward pressure today.

SHANGHAI, May 18 (SMM) – LME nickel should face downward pressure today. September nickel on the SHFE will move between RMB 68,500-70,500/mt. Spot nickel in Shanghai will stabilize at RMB 67,500-69,200/mt. Downstream buyers are advised to stay on the sidelines.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-18)

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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