LME Nickel to See Range-Bound Trading (2016-11-21)

Published: Nov 21, 2016 09:40

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LME nickel is expected to find support at the 20-day moving average on Monday and SHFE 1701 nickel will move between RMB 87,500-90,500/mt.

SHANGHAI, Nov. 21 (SMM) –LME nickel is expected to find support at the 20-day moving average on Monday. SHFE 1701 nickel plumped on last Friday’s night trading and will move between RMB 87,500-90,500/mt on Monday with support at the 20-day moving average and positive fundamentals.

In China’s domestic market, spot nickel will drop to RMB 87,200-90,000/mt on Monday.

SHFE nickel LME nickel nickel prices

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