SHFE Nickel to Hover in Narrow Range (2016-8-18)-Shanghai Metals Market

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SHFE Nickel to Hover in Narrow Range (2016-8-18)

Price Review & Forecast 09:46:27AM Aug 18, 2016 Source:SMM

SHANGHAI, Aug. 18 (SMM) – The likelihood of a Fed rate hike in September decreased. EIA crude oil inventories unexpectedly fell. LME nickel is expected to move between USD 10,200-10,350/mt today. January nickel on the SHFE will fluctuate between RMB 80,500-82,000/mt. Spot nickel in Shanghai will move between RMB 78,700-80,000/mt. 


SHFE Nickel to Hover in Narrow Range (2016-8-18)

Price Review & Forecast 09:46:27AM Aug 18, 2016 Source:SMM

SHANGHAI, Aug. 18 (SMM) – The likelihood of a Fed rate hike in September decreased. EIA crude oil inventories unexpectedly fell. LME nickel is expected to move between USD 10,200-10,350/mt today. January nickel on the SHFE will fluctuate between RMB 80,500-82,000/mt. Spot nickel in Shanghai will move between RMB 78,700-80,000/mt.