LME Nickel to Remain Firm (2016-11-8)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Futures movement
  • Aluminium
  • Inventory data
  • Copper
  • Lead
  • Macroeconomics
  • Evening comments
  • Li-Ion Battery Cathode Material
  • MMi Iron Ore Port Index
  • Morning comments
  • Customs data
  • Silicon
  • scrap copper

LME Nickel to Remain Firm (2016-11-8)

Price Review & Forecast 09:40:52AM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) – Hillary's chance of winning increased and gold dropped. Ferrous metals will keep rising. Longs will dominate the market. LME nickel should remain firm on Tuesday and SHFE 1701 nickel will rose to RMB 87,500-90,500/mt.

In China’s domestic market, spot nickel should increase and trade at RMB 87,400-89,600/mt on Tuesday.

Key Words:  SHFE nickel  LME nickel  nickel prices 

Price

more
SMM #1 Nickel
Apr.22
101450.0
700.0
(0.69%)
#1 JinChuan Nickel
Apr.22
102400.0
850.0
(0.84%)
#1 Import Nickel
Apr.22
100500.0
550.0
(0.55%)
JinChuan B&C
Apr.22
2650.0
150.0
(6.00%)
Russian nickel premium
Apr.22
775.0
-100.0
(-11.43%)

LME Nickel to Remain Firm (2016-11-8)

Price Review & Forecast 09:40:52AM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) – Hillary's chance of winning increased and gold dropped. Ferrous metals will keep rising. Longs will dominate the market. LME nickel should remain firm on Tuesday and SHFE 1701 nickel will rose to RMB 87,500-90,500/mt.

In China’s domestic market, spot nickel should increase and trade at RMB 87,400-89,600/mt on Tuesday.

Key Words:  SHFE nickel  LME nickel  nickel prices