Shanghai Spot Nickel to Stabilize (2016-5-20)-Shanghai Metals Market

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Shanghai Spot Nickel to Stabilize (2016-5-20)

Price Review & Forecast 09:27:52AM May 20, 2016 Source:SMM

SHANGHAI, May 20 (SMM) – LME nickel is expected to stabilize today. September nickel on the SHFE will move between RMB 67,500-68,800/mt. Spot nickel in Shanghai will stabilize at RMB 66,700-68,200/mt. Downstream buyers are advised to purchase at lows.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-20)


Price

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1# Zinc
Oct.17
18820.0
-110.0
(-0.58%)
0# Zinc
Oct.17
18890.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.17
19790.0
-110.0
(-0.55%)

Shanghai Spot Nickel to Stabilize (2016-5-20)

Price Review & Forecast 09:27:52AM May 20, 2016 Source:SMM

SHANGHAI, May 20 (SMM) – LME nickel is expected to stabilize today. September nickel on the SHFE will move between RMB 67,500-68,800/mt. Spot nickel in Shanghai will stabilize at RMB 66,700-68,200/mt. Downstream buyers are advised to purchase at lows.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-20)