SHFE Nickel to Finish Higher (2016-11-29)-Shanghai Metals Market

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

Price Review & Forecast 09:46:02AM Nov 29, 2016 Source:SMM

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.

Key Words:  SHFE nickel  LME nickel  nickel prices 

Price

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SMM #1 Nickel
Apr.23
100200.0
-1250.0
(-1.23%)
#1 JinChuan Nickel
Apr.23
101225.0
-1175.0
(-1.15%)
#1 Import Nickel
Apr.23
99175.0
-1325.0
(-1.32%)
JinChuan B&C
Apr.23
2800.0
150.0
(5.66%)
Russian nickel premium
Apr.23
750.0
-25.0
(-3.23%)

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

Price Review & Forecast 09:46:02AM Nov 29, 2016 Source:SMM

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.

Key Words:  SHFE nickel  LME nickel  nickel prices