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LME to Keep Moving at Lows (2016-10-21)
Oct 21, 2016 10:11LME nickel is expected to move at lows with resistance at the 40-day moving average on Friday and SHFE 1701 nickel will fluctuate between RMB 79,000-81,000/mt.
SHANGHAI, Oct. 21 (SMM) – European Central Bank held three major interest rates unchanged on Thursday. US existing home sales rose significantly in September, releasing a signal of interest rate hike in the year. US dollar kept rising while Chinese yuan dropped below 6.75. Crude oil fell from highs. LME nickel is expected to move at lows with resistance at the 40-day moving average on Friday and SHFE 1701 nickel will fluctuate between RMB 79,000-81,000/mt.
In China’s domestic market, spot premiums should decline to RMB 78,800-80,500/mt on Friday.
LME nickel
SHFE nickel
nickel prices
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Related news
Summary of LME Nickel Trading Activity in June 2017
A monthly summary of LME Nickel trading activity for June this year is provided below.
Jul 14, 2017 20:31
SHFE Nickel Finishes Higher (2017-4-6)
SHFE 1709 nickel opened at RMB 86,560/mt and ended at RMB 86,440/mt, up RMB 740/mt or 0.86%.
Apr 6, 2017 17:40
SHFE Nickel Finishes Lower (2017-3-28)
SHFE 1705 nickel started at RMB 81,280/mt and closed at RMB 80,930/mt.
Mar 28, 2017 17:44
SHFE Nickel Finishes with Losses (2017-3-23)
SHFE 1705 nickel opened at RMB 83,200/mt and ended at RMB 82,990/mt, down RMB 580/mt or 0.69%.
Mar 23, 2017 17:12
LME Nickel to Move at Lows (2017-3-22)
LME nickel is expected to fluctuate at lows on Wednesday and SHFE 1705 nickel will move at RMB 83,200-84,600/mt.
Mar 22, 2017 10:03
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