Shanghai Spot Nickel to Stabilize (2016-9-23)

Published: Sep 23, 2016 09:39

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US existing home sales in August fell short of market expectations. Crude oil inventories fell, and oil prices surged initially before falling.

SHANGHAI, Sep. 23 (SMM) – US existing home sales in August fell short of market expectations. Crude oil inventories fell, and oil prices surged initially before falling.

LME nickel will remain high today. January nickel on the SHFE will move between RMB 81,200-83,200/mt. Spot nickel in Shanghai will stabilize between RMB 80,200-81,700/mt.

SHFE nickel prices LME nickel price

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