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SHFE Nickel to Finish Higher (2016-11-29)
Nov 29, 2016 09:46Source: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
LME nickel
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