Shanghai Spot Nickel to Hold Stable (2016-5-26)
SHANGHAI, May 26 (SMM) – Yuan depreciated while oil rose. LME nickel is expected to stabilize today. September nickel on the SHFE will move between RMB 66,200-68,000/mt. Traders will sell actively, while downstream buyers will purchase modestly. Spot nickel in Shanghai will be RMB 65,500-66,800/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)
Shanghai Spot Nickel to Hold Stable (2016-5-26)
SHANGHAI, May 26 (SMM) – Yuan depreciated while oil rose. LME nickel is expected to stabilize today. September nickel on the SHFE will move between RMB 66,200-68,000/mt. Traders will sell actively, while downstream buyers will purchase modestly. Spot nickel in Shanghai will be RMB 65,500-66,800/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)
