SHFE Nickel to Remain Range-Bound (2016-8-2)

Published: Aug 2, 2016 09:22
Crude oil prices plunged, but US major economic indicators are not promising.

SHANGHAI, Aug. 2 (SMM) – Crude oil prices plunged, but US major economic indicators are not promising. LME nickel is expected to move above the 10-day moving average today. September nickel on the SHFE will fluctuate between RMB 81,000-83,000/mt. Spot nickel in Shanghai will fluctuate between RMB 80,000-81,700/mt. 


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