Home / Metal News / LME Nickel to Hover at Highs (2016-11-25)

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

iconNov 25, 2016 09:41
Source:SMM
LME nickel is expected to hover at highs on Friday and SHFE 1701 nickel will move between RMB 93,800-96,500/mt.

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.

SHFE nickel
LME nickel
nickel prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news