Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Apr. 28 (SMM) – European Central Bank left rate unchanged. US March core durable goods orders slid. The Philippines forbid open pit mining operation, boosting nickel futures. But nickel futures will unlikely rise significantly given expectations of sufficient nickel ore supply and limited improvement in downstream demand. LME nickel will meet pressure from the 5-day moving average today, and SHFE 1709 nickel should hover between RMB 77,500-79,000/mt, with spot prices between RMB 76,000-79,000/mt.
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn