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 

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