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

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

Price Review & Forecast 09:54:11AM Dec 09, 2016 Source:SMM

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.

Key Words:  SHFE nickel  LME nickel  nickel prices 

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

Price Review & Forecast 09:54:11AM Dec 09, 2016 Source:SMM

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.

Key Words:  SHFE nickel  LME nickel  nickel prices