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

Hot Keywords

  • Zinc
  • Aluminium
  • Futures movement
  • Silicon
  • Copper
  • Prebaked anode
  • Inventory data
  • NEV
  • Nickel
  • Lead
  • Evening comments
  • MMi Iron Ore Port Index
  • New Energy Vehicle
  • Production data
  • Market commentary

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

Price Review & Forecast 09:40:35AM Nov 21, 2016 Source:SMM

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.

Key Words:  SHFE nickel  LME nickel  nickel prices 

Price

more
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%)

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

Price Review & Forecast 09:40:35AM Nov 21, 2016 Source:SMM

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.

Key Words:  SHFE nickel  LME nickel  nickel prices