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

Published: May 25, 2016 09:44

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The US dollar index continued to rise, while gold plummeted. LME nickel is expected to fall today.

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)

SHFE nickel prices LME nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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