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Home / Metal News / SHFE Nickel to Finish Higher (2016-11-29)

SHFE Nickel to Finish Higher (2016-11-29)

Nov 29, 2016 09:46

Source:SMM

LME nickel will find support at the 10-day moving average on Tuesday and SHFE 1701 nickel will range between RMB 94,000-96,500/mt.

SHANGHAI, Nov. 29 (SMM) – LME nickel will find support at the 10-day moving average on Tuesday and SHFE 1701 nickel is expected to test support at the 5-day moving average and will range between RMB 94,000-96,500/mt.

In China’s domestic market, spot nickel should trade at RMB 93,400-95,800/mt on Tuesday.

SHFE nickel

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