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LME Nickel to Remain Firm (2016-11-8)
Nov 8, 2016 09:40Source:SMM
LME nickel should remain firm on Tuesday and SHFE 1701 nickel will rose to RMB 87,500-90,500/mt.
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.
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LME nickel
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