SHANGHAI, Mar. 2 (SMM) – SHFE 1605 nickel will move at highs of RMB 67,600-68,600/mt on Mar. 2.
Upbeat news from Chinese property market boosts base metals prices and the ECB is expected to expand its QE program. In China’s spot market, downstream buyers are unwilling to buy against high prices and spot nickel will trade at RMB 66,800-68,200/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-2)