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Shanghai Spot Nickel to Stabilize (2016-9-26)
Sep 26, 2016 09:25The nearing OPEC meeting will unlikely produce any substantive result, weighing on oil. The market is awaiting shutdown result at mines in the Philippines.
SHANGHAI, Sep. 26 (SMM) – The nearing OPEC meeting will unlikely produce any sustentative result, weighing on oil. The market is awaiting shutdown result at mines in the Philippines.
LME nickel will find support from the 5-day moving average today. January nickel on the SHFE will move between RMB 81,500-83,500/mt. Spot nickel in Shanghai will rise to RMB 80,500-82,000/mt.
SHFE nickel prices
LME nickel price
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