LME Nickel to End with Losses (2016-12-29)

SHANGHAI, Dec. 29 (SMM) – One-day repo rate of national debt broke through 20%, a sign of weak liquidity at the end of year. LME nickel dropped for four days in a row, dragging down SHFE 1705 nickel. SHFE 1705 nickel will range between RMB 84,500-86,800/mt on Thursday.

In Chinas’ domestic market, spot nickel should trade at RMB 83,600-86,200/mt on Thursday.