Shanghai Spot Nickel to Drop (2016-5-27)

Published: May 27, 2016 09:59

Save

US existing home sales were much higher than expected.

SHANGHAI, May 27 (SMM) – US existing home sales were much higher than expected. The US dollar index fell initially than rose. LME nickel is expected to weaken today. September nickel on the SHFE will move between RMB 66,000-67,500/mt. Traders will sell actively, while downstream buyers will purchase modestly. Spot nickel in Shanghai will fall to RMB 65,300-66,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-27)

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14