Shanghai Spot Nickel to Stabilize (2016-8-10)-Shanghai Metals Market

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Shanghai Spot Nickel to Stabilize (2016-8-10)

Price Review & Forecast 09:23:11AM Aug 10, 2016 Source:SMM

SHANGHAI, Aug. 10 (SMM) – The US dollar index fell. LME nickel is expected to find support from the 5-day moving average today, hovering between USD 10,700-10,850/mt. January nickel on the SHFE will fluctuate between RMB 83,200-84,800/mt. Spot nickel in Shanghai will stabilize at RMB 81,100-82,500/mt. 


Shanghai Spot Nickel to Stabilize (2016-8-10)

Price Review & Forecast 09:23:11AM Aug 10, 2016 Source:SMM

SHANGHAI, Aug. 10 (SMM) – The US dollar index fell. LME nickel is expected to find support from the 5-day moving average today, hovering between USD 10,700-10,850/mt. January nickel on the SHFE will fluctuate between RMB 83,200-84,800/mt. Spot nickel in Shanghai will stabilize at RMB 81,100-82,500/mt.