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

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

Price Review & Forecast 09:41:06AM May 18, 2016 Source:SMM

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)


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

Price Review & Forecast 09:41:06AM May 18, 2016 Source:SMM

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)