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Home / Metal News / SHFE 1701 Nickel to Rebound (2016-9-13)

SHFE 1701 Nickel to Rebound (2016-9-13)

Sep 13, 2016 09:18

Source:SMM

The US dollar index weakened overnight due to Fed official’s dovish statement. Crude oil erased some losses.

SHANGHAI, Sep. 13 (SMM) – The US dollar index weakened overnight due to Fed official’s dovish statement. Crude oil erased some losses. LME nickel will rebound today. January nickel on the SHFE will fluctuate between RMB 79,000-80,500/mt. Spot nickel in Shanghai will move between RMB 77,800-78,800/mt.

SHFE nickel prices

LME nickel price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME nickel price is expected to average at $11,000-11,500 per tonne in 2018, SMM nickel analyst predicts at China Nonferrous Metals Industry Annual Meeting 2017 & SMM Nonferrous Metals Price Forecast.

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As of 15:00 Friday, LME nickel was $11,370 per tonne, down 0.96 per cent on a weekly basis.

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SMM Comments

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SHFE 1701 Nickel to Rebound (2016-9-13)

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Li-ION BATTERY China

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