Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsCar Insight
Download our mobile app to
your devices
SHFE Nickel to Stabilize (2016-12-15)
Dec 15, 2016 09:41Source:SMM
LME nickel will move above USD 11,200/mt. SHFE 1705 nickel will test support at the 20-day moving average on Thursday and will range between RMB 93,500-97,000/mt.
SHANGHAI, Dec. 15 (SMM) – US Federal Reserve hiked interest rate by 25 basis points in December’s meeting as expected and expected to hike rate for three times in 2017. US dollar index one advanced to 102.62 while Chinese yuan dropped. SHFE 1705 nickel is expected to drop after opening and will stabilize at lows on Thursday and LME nickel will move above USD 11,200/mt. SHFE 1705 nickel will test support at the 20-day moving average on Thursday and will range between RMB 93,500-97,000/mt.
In China’s domestic market, spot nickel should trade at RMB 92,200-94,700/mt on Thursday.
SHFE nickel
LME nickel
nickel prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
SHFE Nickel Prices Up 2.07% (2017-8-24)
SHFE 1801 nickel opened at RMB 94,520/mt and closed at RMB 94,000/mt, up RMB 191/mt or 2.07%.
Aug 24, 2017 17:23
SHFE Nickel to Trade at Wide Range (2017-8-14)
LME nickel will see range-bound trading and SHFE 1801 nickel will trade at RMB 86,000-87,500/mt.
Aug 14, 2017 09:24
SHFE Nickel Strengthens (2017-3-31)
SHFE 1709 nickel started at RMB 84,370/mt and closed at RMB 84,860/mt, up RMB 590/mt or 0.70%.
Mar 31, 2017 19:52
SHFE Nickel to Finish Higher (2017-3-29)
LME nickel will fluctuate at around USD 10,000/mt and SHFE 1705 nickel will fluctuate between RMB 81,900-83,500/mt.
Mar 29, 2017 09:53
SHFE Nickel Finishes Lower (2017-3-28)
SHFE 1705 nickel started at RMB 81,280/mt and closed at RMB 80,930/mt.
Mar 28, 2017 17:44
SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024THE EGG BRUSSELS, BELGIUM
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
