SHFE Nickel to Strengthen (2016-12-7)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Inventory data
  • Rare earth
  • Copper scrap
  • Copper
  • Evening comments
  • Market commentary
  • SMM
  • Morning comments
  • MMi Iron Ore Port Index
  • Aluminium
  • Futures movement
  • Cobalt
  • price forecast
  • Environmental protection drive

SHFE Nickel to Strengthen (2016-12-7)

Price Review & Forecast 10:10:31AM Dec 07, 2016 Source:SMM

SHANGHAI, Dec. 7 (SMM) – One stainless steel in Jiangsu shut down, pushing stainless prices up. And this will support SHFE 1705 nickel. LME nickel is predicted to move above USD 11,500/mt on Wednesday and SHFE 1705 nickel will range between RMB 94,800-97,200/mt.

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

Key Words:  SHFE nickel  LME nickel  nickel prices 

SHFE Nickel to Strengthen (2016-12-7)

Price Review & Forecast 10:10:31AM Dec 07, 2016 Source:SMM

SHANGHAI, Dec. 7 (SMM) – One stainless steel in Jiangsu shut down, pushing stainless prices up. And this will support SHFE 1705 nickel. LME nickel is predicted to move above USD 11,500/mt on Wednesday and SHFE 1705 nickel will range between RMB 94,800-97,200/mt.

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

Key Words:  SHFE nickel  LME nickel  nickel prices