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Home / Metal News / Shanghai Spot Nickel to Fall (2016-5-23)

Shanghai Spot Nickel to Fall (2016-5-23)

May 23, 2016 10:22

Source:SMM

The G7 meeting failed to reach any agreement on exchange rate and fiscal stimulus. LME nickel is expected to remain weak today.

SHANGHAI, May 23 (SMM) – The G7 meeting failed to reach any agreement on exchange rate and fiscal stimulus. LME nickel is expected to remain weak today. September nickel on the SHFE will fall to RMB 67,000-68,500/mt. Spot nickel in Shanghai will drop to RMB 66,000-67,500/mt. Downstream buyers are advised to stay on the sidelines.

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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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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SMM Comments

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SMM Comments

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Nov 2, 2015 19:35

SMM Comments

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Shanghai Spot Nickel to Fall (2016-5-23)

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