LME Nickel to Finish with Losses (2016-12-9)

Published: Dec 9, 2016 09:54

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LME nickel will move above USD 10,950/mt on Friday and SHFE 1705 nickel is expected to range between RMB 92,000-94,500/mt.

SHANGHAI, Dec. 9 (SMM) – European Central Bank decided to cut monthly debt purchase and extend Quantitative Easing (QE) programme on December’s meeting on November 8. Euro thus plumped while US dollar index advanced to above 101, undermining Base metals. LME nickel will move above USD 10,950/mt on Friday and SHFE 1705 nickel is expected to range between RMB 92,000-94,500/mt.

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

SHFE nickel LME nickel nickel prices

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