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

Price Review & Forecast 10:00:57AM May 26, 2016 Source:SMM

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)

Key Words: SHFE nickel prices nickel prices

Relative News

Price

62% Fe Fines (Qingdao Port): IOPI62

May.27

787.0

29.0

(3.83%)

62% Fe Fines (Qingdao Port, CFR Equiv.)

May.27

106.0

4.2

(4.10%)

58% Fe Fines (Qingdao Port): IOPI58

May.27

666.0

22.0

(3.42%)

58% Fe Fines (Qingdao Port, CFR Equiv.)

May.27

90.0

3.2

(3.67%)

65% Fe Fines (Qingdao Port): IOPI65

May.27

881.0

15.0

(1.73%)

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

Price Review & Forecast 10:00:57AM May 26, 2016 Source:SMM

Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)

Key Words: SHFE nickel prices nickel prices