Home / Metal News / Shanghai Spot Nickel to Stabilize (2016-9-26)

Shanghai Spot Nickel to Stabilize (2016-9-26)

iconSep 26, 2016 09:25
Source:SMM
The 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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All