SHFE Nickel to Trade down (2016-11-11)-Shanghai Metals Market

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

Price Review & Forecast 10:03:57AM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) – SHFE announced to raise trading margins as non-ferrous metals surged on Thursday. Growth of base metals thus reduced and some dropped on Thursday’s night trading, waning bullish outlook. LME nickel will lack of rising strength on Friday and SHFE 1701 nickel is expected to range between RMB 91,500-95,000/mt.

In China’s domestic market, spot nickel should trade at RMB 91,200-93,800/mt on Friday.

Key Words:  SHFE nickel  LME nickel  nickel prices 

Price

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SMM #1 Nickel
Apr.19
100750.0
-850.0
(-0.84%)
#1 JinChuan Nickel
Apr.19
101550.0
-675.0
(-0.66%)
#1 Import Nickel
Apr.19
99950.0
-1025.0
(-1.02%)
JinChuan B&C
Apr.19
2500.0
300.0
(13.64%)
Russian nickel premium
Apr.19
875.0
-75.0
(-7.89%)

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

Price Review & Forecast 10:03:57AM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) – SHFE announced to raise trading margins as non-ferrous metals surged on Thursday. Growth of base metals thus reduced and some dropped on Thursday’s night trading, waning bullish outlook. LME nickel will lack of rising strength on Friday and SHFE 1701 nickel is expected to range between RMB 91,500-95,000/mt.

In China’s domestic market, spot nickel should trade at RMB 91,200-93,800/mt on Friday.

Key Words:  SHFE nickel  LME nickel  nickel prices