Shanghai Spot Nickel to Rise (2016-9-7)

Published: Sep 7, 2016 09:50

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US August ISM non-manufacturing PMI and LMCI fell short of market expectations, reducing the likelihood of a Fed rate hike in September.

SHANGHAI, Sep. 7 (SMM) – US August ISM non-manufacturing PMI and LMCI fell short of market expectations, reducing the likelihood of a Fed rate hike in September. Gold surged.

LME nickel will strengthen today. January nickel on the SHFE will rise to RMB 80,200-81,800/mt. Spot nickel in Shanghai will rise to RMB 78,800-79,800/mt.

LME nickel prices SHFE nickel prices

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