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Home / Metal News / LME Nickel to Move Higher (2016-12-1)

LME Nickel to Move Higher (2016-12-1)

Dec 1, 2016 09:39

Source:SMM

LME nickel will move higher on Thursday and SHFE 1701 nickel is expected to range between RMB 90,300-93,000/mt.

SHANGHAI, Dec. 1 (SMM) - OPEC members reached consensus on oil output cut for the first time in eight years, supporting base metals. LME nickel will move higher on Thursday and SHFE 1701 nickel is expected to range between RMB 90,300-93,000/mt.

In China’s domestic market, spot nickel should trade at RMB 90,000-92,500/mt on Thursday.

SHFE nickel

LME nickel

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LME nickel will fluctuate at around the 20-day moving average on Friday and SHFE 1709 nickel will move at RMB 84,500-85,500/mt.

Apr 7, 2017 09:42

SMM Comments

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SMM Comments

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LME nickel and SHFE 1709 nickel will stay firm on Thursday. SHFE 1709 nickel will move at RMB 85,800-86,800/mt.

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SMM Comments

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