SHFE Nickel to Ends with Gains (2016-12-6)-Shanghai Metals Market

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SHFE Nickel to Ends with Gains (2016-12-6)

Price Review & Forecast 09:54:06AM Dec 06, 2016 Source:SMM

SHANGHAI, Dec. 6 (SMM) – China’s Caixins service PMI growth hit a 16-months high in November, supporting base metals. LME nickel will move above USD 11,520/mt on Tuesday with strong support and SHFE 1705 nickel is expected to range between RMB 94,500-97,000/mt.

In China’s domestic market, spot nickel should trade at RMB 93,200-95,000/mt on Tuesday.

Key Words:  SHFE nickel  LME nickel  nickel prices 

SHFE Nickel to Ends with Gains (2016-12-6)

Price Review & Forecast 09:54:06AM Dec 06, 2016 Source:SMM

SHANGHAI, Dec. 6 (SMM) – China’s Caixins service PMI growth hit a 16-months high in November, supporting base metals. LME nickel will move above USD 11,520/mt on Tuesday with strong support and SHFE 1705 nickel is expected to range between RMB 94,500-97,000/mt.

In China’s domestic market, spot nickel should trade at RMB 93,200-95,000/mt on Tuesday.

Key Words:  SHFE nickel  LME nickel  nickel prices