LME Nickel to Hover at Highs (2016-11-25)-Shanghai Metals Market

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LME Nickel to Hover at Highs (2016-11-25)

Price Review & Forecast 09:41:11AM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – Attention should be on US economic data on Friday, including wholesale inventories in October, Markit service and composite PMI in November, and UK GDP in Q3. LME nickel is expected to hover at highs on Friday and SHFE 1701 nickel will move between RMB 93,800-96,500/mt.

In China’s domestic market, spot nickel should trade at RMB 93,600-95,600/mt on Friday.

Key Words:  SHFE nickel  LME nickel  nickel prices 

Price

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SMM #1 Nickel
Apr.22
101450.0
700.0
(0.69%)
#1 JinChuan Nickel
Apr.22
102400.0
850.0
(0.84%)
#1 Import Nickel
Apr.22
100500.0
550.0
(0.55%)
JinChuan B&C
Apr.22
2650.0
150.0
(6.00%)
Russian nickel premium
Apr.22
775.0
-100.0
(-11.43%)

LME Nickel to Hover at Highs (2016-11-25)

Price Review & Forecast 09:41:11AM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – Attention should be on US economic data on Friday, including wholesale inventories in October, Markit service and composite PMI in November, and UK GDP in Q3. LME nickel is expected to hover at highs on Friday and SHFE 1701 nickel will move between RMB 93,800-96,500/mt.

In China’s domestic market, spot nickel should trade at RMB 93,600-95,600/mt on Friday.

Key Words:  SHFE nickel  LME nickel  nickel prices