China’s financial market will be closed on Thursday and Friday for the Dragon Boat Festival.

China’s official and Caixin manufacturing PMI for May are expected to hold flat with April’s figure or fall from April. This is mainly because steel prices and nonferrous metals prices fell back from highs in late April, which will not only drag down PPI, bu...

A series of key economic data and events will come under the spotlight in the second half of this week. LME and COMEX are closed on Monday for holidays.

Base metals will lack ability to rise today. Value added at China’s large industrials is expected to grow in April as declines in profit at China’s SOEs narrowed further in April, but increase will slow compared with March. The figure due for release today s...

Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)

US new home sales in April and Germany’s annualized Q1 growth will be released today. As short momentum prevailed in the market, base metals should remain weak but diverge today.

[www.ferro-alloys.com] Shanghai JC nickel price was 67500-68000 RMB/T, the spot nickel in Shanghai is at 67000-68000 RMB/T, Russian nickel price is 67000-68500 RMB/T this week.

SHFE 1609 nickel started at RMB 68,190/mt overnight and once fell to RMB 67,770/mt. The contract later ranged RMB 68,300-68,500/mt before closing at RMB 68,350/mt.