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Home / Metal News / Shanghai Spot Nickel to Slid (2016-7-14)

Shanghai Spot Nickel to Slid (2016-7-14)

Jul 14, 2016 09:06

Source:SMM

The Bank of UK is expected to lower interest rate today.

SHANGHAI, Jul. 14 (SMM) –The Bank of UK is expected to lower interest rate today. US stocks hit record high, but global trade remained sluggish. Rising crude oil inventories and falling oil imports by China compounded pressure on commodities. LME nickel is expected to move at highs today. September nickel on the SHFE will move between RMB 79,500-81,500/mt. Spot nickel in Shanghai will fall to RMB 78,700-80,100/mt.

SHFE nickel prices

LME nickel prices

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