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

Hot Keywords

  • Zinc
  • Market commentary
  • Copper scrap
  • Copper
  • Nickel
  • Aluminium
  • Steel
  • price
  • Nickel sulphate
  • Futures movement
  • MMi Iron Ore Port Index
  • Evening comments
  • Macroeconomics
  • Inventory data
  • gold price

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 

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