SHFE Nickel to Trade down (2016-11-9)

Price Review & Forecast 10:05:03AM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) –US dollar index was volatile due to US presidential election. Market should keep wary sentiment before releasing of the result. LME nickel will move above USD 11,000/mt on Wednesday and SHFE 1701 nickel is expected to test support at RMB 90,000/mt and range between RMB 88,500-91,500/mt.

In China’s domestic market, spot nickel should trade at RMB 87,800-90,200/mt on Wednesday.

Key Words:  SHFE nickel  LME nickel  nickel prices 

SHFE Nickel to Trade down (2016-11-9)

Price Review & Forecast 10:05:03AM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) –US dollar index was volatile due to US presidential election. Market should keep wary sentiment before releasing of the result. LME nickel will move above USD 11,000/mt on Wednesday and SHFE 1701 nickel is expected to test support at RMB 90,000/mt and range between RMB 88,500-91,500/mt.

In China’s domestic market, spot nickel should trade at RMB 87,800-90,200/mt on Wednesday.

Key Words:  SHFE nickel  LME nickel  nickel prices