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Home / Metal News / Shanghai Spot Nickel to Stabilize (2016-5-20)

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

May 20, 2016 09:27

Source:SMM

LME nickel is expected to stabilize today.

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)

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

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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.

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

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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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SMM Comments

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

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