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Shanghai Spot Nickel to Hold Stable (2016-5-18)
May 18, 2016 09:41LME 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
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