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Home / Metal News / Shanghai Spot Nickel to Hold Stable (2016-5-18)

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

May 18, 2016 09:41

Source:SMM

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

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SHFE 1605 nickel started at RMB 68,180/mt overnight and then narrowly ranged RMB 68,100-68,300/mt.

Mar 29, 2016 15:41

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Feb 22, 2016 09:52

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Shanghai Spot Nickel Prices to Remain Firm (2016-2-19)

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Shanghai Spot Nickel Prices to Stabilize (2016-2-4)

Crude oil prices rebounded on output cut expectations. The US dollar index plunged. LME nickel is expected to remain range-bound today.

Feb 4, 2016 10:46

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SHFE Nickel Ends Up 1.66% (Jan. 18, 2016)

SHFE 1605 nickel started last Friday night session at RMB 67,820/mt and bounced back to RMB 68,960/mt.

Jan 18, 2016 19:37

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Shanghai Spot Nickel Prices to Rise (2016-1-15)

Risk appetite improved after negative news was absorbed.

Jan 15, 2016 10:13

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SHFE Nickel Up 0.8% (Dec. 31, 2015)

SHFE 1605 nickel opened Wednesday night session at RMB 70,100/mt and then narrowly ranged RMB 69,880-70,400/mt.

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The US dollar rose after Fed interest rate increase, and LME nickel saw shorts closing positions.

Dec 17, 2015 10:01

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SHFE 1601 nickel started Wednesday night session at RMB 75,700/mt and closed the session at RMB 75,730/mt.

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SMM Comments

SHFE Nickel Closes with Losses (Nov. 2, 2015)

SHFE 1601 nickel opened at RMB 77,100/mt last Friday night and ranged between RMB 76,900-77,300/mt, to end at RMB 76,640/mt.

Nov 2, 2015 19:35

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