Shanghai Spot Nickel to Advance (2016-9-29)

Published: Sep 29, 2016 09:50

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OPEC countries reached a deal to freeze output, boosting oil prices. Gold plummeted, and the US dollar weakened.

SHANGHAI, Sep. 29 (SMM) –OPEC countries reached a deal to freeze output, boosting oil prices. Gold plummeted, and the US dollar weakened.

LME nickel will find support from the 5-day moving average today. January nickel on the SHFE will move between RMB 81,500-83,000/mt. Spot nickel in Shanghai will rise to RMB 81,000-82,500/mt.

SHFE nickel prices LME nickel price

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