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Home / Metal News / Shanghai Spot Nickel to Rise (2016-7-7)

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

Jul 7, 2016 09:51

Source:SMM

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 prices

SHFE nickel prices

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