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Home / Metal News / Shanghai Spot Nickel to Hold Stable (2016-5-26)

Shanghai Spot Nickel to Hold Stable (2016-5-26)

May 26, 2016 10:00

Source:SMM

Yuan depreciated while oil rose.

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)

SHFE nickel prices

nickel prices

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