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

Hot Keywords

  • Zinc
  • Copper
  • Copper scrap
  • Inventory data
  • Rare earth
  • Lithium
  • Aluminium
  • Evening comments
  • Market commentary
  • Futures movement
  • Morning comments
  • Customs data
  • Silicon
  • MMi Iron Ore Port Index
  • Cobalt

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.