LME Nickel to Fluctuate (2016-12-13)-Shanghai Metals Market

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LME Nickel to Fluctuate (2016-12-13)

Price Review & Forecast 09:43:52AM Dec 13, 2016 Source:SMM

SHANGHAI, Dec. 13 (SMM) – Although steel mills demand reduced for nickel, soaring stainless steel will support nickel prices. LME nickel will fluctuate above USD 11,200/mt on Tuesday and SHFE 1705 nickel is predicted to move above the 20-day moving average at RMB 94,200-96,200/mt.

In China’s domestic market, spot tin should trade at RMB 92,400-94,700/mt on Tuesday.

Key Words:  SHFE nickel  LME nickel  nickel prices 

LME Nickel to Fluctuate (2016-12-13)

Price Review & Forecast 09:43:52AM Dec 13, 2016 Source:SMM

SHANGHAI, Dec. 13 (SMM) – Although steel mills demand reduced for nickel, soaring stainless steel will support nickel prices. LME nickel will fluctuate above USD 11,200/mt on Tuesday and SHFE 1705 nickel is predicted to move above the 20-day moving average at RMB 94,200-96,200/mt.

In China’s domestic market, spot tin should trade at RMB 92,400-94,700/mt on Tuesday.

Key Words:  SHFE nickel  LME nickel  nickel prices