Shanghai Spot Nickel to Hold Stable (2016-5-25)

Price Review & Forecast 09:44:15AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) – The US dollar index continued to rise, while gold plummeted. LME nickel is expected to fall today. September nickel on the SHFE will move between RMB 66,400-68,000/mt. Traders will sell actively, while downstream buyers will purchase at lows. Spot nickel in Shanghai will stabilize between RMB 65,800-67,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)


Relative News

Shanghai Spot Nickel to Hold Stable (2016-5-25)

Price Review & Forecast 09:44:15AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) – The US dollar index continued to rise, while gold plummeted. LME nickel is expected to fall today. September nickel on the SHFE will move between RMB 66,400-68,000/mt. Traders will sell actively, while downstream buyers will purchase at lows. Spot nickel in Shanghai will stabilize between RMB 65,800-67,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)