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LME Nickel to Move Higher (2016-12-1)
Dec 1, 2016 09:39Source: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.
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