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Shanghai Spot Nickel to Rise (2016-9-7)
Sep 7, 2016 09:50Source:SMM
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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