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Shanghai Spot Nickel to Fall (2016-5-19)
May 19, 2016 09:29Source:SMM
The US dollar index strengthened on rising likelihood of Fed rate hike in June, while gold plunged.
SHANGHAI, May 19 (SMM) – The US dollar index strengthened on rising likelihood of Fed rate hike in June, while gold plunged. LME nickel should face downward pressure today. September nickel on the SHFE will move between RMB 67,500-69,000/mt. Spot nickel in Shanghai will drop to RMB 66,800-68,400/mt. Downstream buyers are advised to purchase as needed.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-19)
SHFE nickel prices
LME nickel prices
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