Shanghai Spot Nickel to Rise (2016-9-1)-Shanghai Metals Market

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Shanghai Spot Nickel to Rise (2016-9-1)

Price Review & Forecast 09:37:09AM Sep 01, 2016 Source:SMM

SHANGHAI, Sep. 1 (SMM) – US crude oil inventories grew noticeably, weighing down crude oil prices. The US dollar index fell after surging. LME nickel will move between USD 9,750-9,900/mt today. January nickel on the SHFE will move between RMB 78,200-79,400/mt. Spot nickel in Shanghai will rise to RMB 76,650-77,900/mt. 


Price

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SMM #1 Nickel
Oct.18
131000.0
-500.0
(-0.38%)
#1 JinChuan Nickel
Oct.18
131150.0
-450.0
(-0.34%)
#1 Import Nickel
Oct.18
130850.0
-500.0
(-0.38%)
JinChuan B&C
Oct.18
4550.0
1450.0
(46.77%)
Russian nickel premium
Oct.18
4350.0
1400.0
(47.46%)

Shanghai Spot Nickel to Rise (2016-9-1)

Price Review & Forecast 09:37:09AM Sep 01, 2016 Source:SMM

SHANGHAI, Sep. 1 (SMM) – US crude oil inventories grew noticeably, weighing down crude oil prices. The US dollar index fell after surging. LME nickel will move between USD 9,750-9,900/mt today. January nickel on the SHFE will move between RMB 78,200-79,400/mt. Spot nickel in Shanghai will rise to RMB 76,650-77,900/mt.