SHFE Nickel to Consolidate at Highs (2016-10-11)-Shanghai Metals Market

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SHFE Nickel to Consolidate at Highs (2016-10-11)

Price Review & Forecast 10:05:00AM Oct 11, 2016 Source:SMM

SHANGHAI, Oct. 11 (SMM) – Crude oil prices rose to a high but will lack ability to rise further. LME nickel will fall today. January nickel on the SHFE will move between RMB 81,500-83,200/mt. Spot nickel in Shanghai will rise to RMB 80,600-82,300/mt. 

Key Words:  nickel 

SHFE Nickel to Consolidate at Highs (2016-10-11)

Price Review & Forecast 10:05:00AM Oct 11, 2016 Source:SMM

SHANGHAI, Oct. 11 (SMM) – Crude oil prices rose to a high but will lack ability to rise further. LME nickel will fall today. January nickel on the SHFE will move between RMB 81,500-83,200/mt. Spot nickel in Shanghai will rise to RMB 80,600-82,300/mt. 

Key Words:  nickel