Metals News
Shanghai Spot Nickel to Rise (2016-9-2)
price review forecast
09:17AM
Source:SMM

SHANGHAI, Sep. 2 (SMM) – Crude oil slumped due to oversupply. Major economic indicators from the US released overnight fell short of market expectations, weighing down the US dollar index. LME nickel will move between the 5 and 10-day moving average today. January nickel on the SHFE will move between RMB 78,800-80,000/mt. Spot nickel in Shanghai will rise to RMB 77,300-78,900/mt. 


LME nickel prices
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