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Home / Metal News / Shanghai Spot Nickel to Rise (2016-9-2)

Shanghai Spot Nickel to Rise (2016-9-2)

Sep 2, 2016 09:17

Source:SMM

Crude oil slumped due to oversupply.

SHANGHAI, Sep. 2 (SMM) – Crude oil slumped due to oversupply. Major economic indicators from the US released overnight fell short of market expectations, weighing down the US dollar index. LME nickel will move between the 5 and 10-day moving average today. January nickel on the SHFE will move between RMB 78,800-80,000/mt. Spot nickel in Shanghai will rise to RMB 77,300-78,900/mt.

LME nickel prices

SHFE nickel prices

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Aug 15, 2017 09:24

SMM Comments

LME Nickel to Fluctuate at Current Level (2017-8-15)

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SHFE 1801 Nickel Closes Higher (2017-8-4)

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