LME and SHFE Nickel to Drop Next Week, SMM Says-Shanghai Metals Market

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LME and SHFE Nickel to Drop Next Week, SMM Says

SMM Insight 05:31:02PM Jun 03, 2016 Source:SMM

SHANGHAI, Jun. 3 (SMM) –LME nickel should fall and move in an $8,200-8,600 per tonne range, and September nickel on the SHFE will slip to 66,000-68,200 yuan per tonne, SMM predicts.

“The strong US dollar, surging refined nickel inventories and sluggish economic indicators from China will compound pressure on nickel futures prices.” SMM nickel analyst explained. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 


LME and SHFE Nickel to Drop Next Week, SMM Says

SMM Insight 05:31:02PM Jun 03, 2016 Source:SMM

SHANGHAI, Jun. 3 (SMM) –LME nickel should fall and move in an $8,200-8,600 per tonne range, and September nickel on the SHFE will slip to 66,000-68,200 yuan per tonne, SMM predicts.

“The strong US dollar, surging refined nickel inventories and sluggish economic indicators from China will compound pressure on nickel futures prices.” SMM nickel analyst explained. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.