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Shanghai Spot Nickel to Stabilize (2016-6-23)

iconJun 23, 2016 09:28
The pound hit the highest for the year.

SHANGHAI, Jun. 23 (SMM) – The pound hit the highest for the year. It remains uncertain whether the UK will exit from the EU. LME nickel is expected to remain range-bound today. September nickel on the SHFE will move between RMB 71,800-73,200/mt. Spot nickel in Shanghai will stabilize at RMB 70,500-71,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-23)


SHFE nickel prices
LME nickel
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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