Shanghai Spot Nickel to Climb (2016-7-15)-Shanghai Metals Market

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Shanghai Spot Nickel to Climb (2016-7-15)

Price Review & Forecast 09:36:23AM Jul 15, 2016 Source:SMM

SHANGHAI, Jul. 15 (SMM) –The Bank of UK unexpectedly leave interest rate untouched, but Japan should execute additional stimulus measures, pushing down the JPY. LME nickel is expected to rise today. September nickel on the SHFE will climb to RMB 80,800-82,500/mt. Spot nickel in Shanghai will rise to RMB 79,400-80,600/mt. Downstream buyers will purchase modestly. 


Shanghai Spot Nickel to Climb (2016-7-15)

Price Review & Forecast 09:36:23AM Jul 15, 2016 Source:SMM

SHANGHAI, Jul. 15 (SMM) –The Bank of UK unexpectedly leave interest rate untouched, but Japan should execute additional stimulus measures, pushing down the JPY. LME nickel is expected to rise today. September nickel on the SHFE will climb to RMB 80,800-82,500/mt. Spot nickel in Shanghai will rise to RMB 79,400-80,600/mt. Downstream buyers will purchase modestly.