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Shanghai Spot Nickel to Rise (2016-7-7)

Published: Jul 7, 2016 09:51
API’s crude oil inventories fell sharply, driving up oil prices.

SHANGHAI, Jul. 7 (SMM) – API’s crude oil inventories fell sharply, driving up oil prices. FOMC June meeting minutes held a reticent tone. LME nickel is expected to rise above the 5-day moving average today. September nickel on the SHFE will move between RMB 79,000-81,500/mt. Spot nickel in Shanghai will rise to RMB 77,100-79,900/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-7)


LME nickel pricesSHFE 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.

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