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
Dec.06
109000.0
1200.0
(1.11%)
#1 JinChuan Nickel
Dec.06
110950.0
1350.0
(1.23%)
#1 Import Nickel
Dec.06
107050.0
1050.0
(0.99%)
JinChuan B&C
Dec.06
8150.0
-400.0
(-4.68%)
Russian Nickel Premium
Dec.06
4250.0
-700.0
(-14.14%)

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.