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Home / Metal News / SHFE Nickel to See Range-Bound Trading (2017-1-13)

SHFE Nickel to See Range-Bound Trading (2017-1-13)

Jan 13, 2017 09:58

Source:SMM

SHFE 1705 nickel will move at RMB 84,000-87,000/mt on Friday.

SHANGHAI, Jan. 13 (SMM) – Indonesia announced to ease export restrictions. SHFE 1705 nickel dived on Thursday’s night trading and then regained lost ground. About RMB 600 million of capital flew into LME and SHFE nickel markets. As the news will be digested on Friday, SHFE 1705 nickel will volatilize narrower, but market players are suggested to be wary. SHFE 1705 nickel will move at RMB 84,000-87,000/mt on Friday.

In China’s domestic market, spot nickel should trade at RMB 83,300-86,400/mt on Friday.

SHFE nickel

LME nickel

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Apr 19, 2018 10:58

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LME nickel price soars on low inventory, market panic and downstream demand

SHFE Nickel Finishes with Small Losses (2017-4-17)

SHFE 1709 nickel, the most actively traded one, opened at RMB 81,090/mt and closed at RMB 80,690/mt, down RMB 740 or 0.91%.

Apr 17, 2017 17:41

SMM Comments

LME Nickel to End with Losses (2017-4-7)

LME nickel will fluctuate at around the 20-day moving average on Friday and SHFE 1709 nickel will move at RMB 84,500-85,500/mt.

Apr 7, 2017 09:42

SMM Comments

LME Nickel to End with Losses (2017-4-7)

LME Nickel to Stay Firm (2017-4-6)

LME nickel and SHFE 1709 nickel will stay firm on Thursday. SHFE 1709 nickel will move at RMB 85,800-86,800/mt.

Apr 6, 2017 09:50

SMM Comments

SHFE Nickel Finishes with Losses (2017-3-23)

SHFE 1705 nickel opened at RMB 83,200/mt and ended at RMB 82,990/mt, down RMB 580/mt or 0.69%.

Mar 23, 2017 17:12

SMM Comments

SHFE Nickel Finishes with Losses (2017-3-23)

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LME nickel is expected to fluctuate at lows on Wednesday and SHFE 1705 nickel will move at RMB 83,200-84,600/mt.

Mar 22, 2017 10:03

SMM Comments

LME Nickel to Find Support (2017-3-10)

LME nickel will find support at downside of Bollinger brand and SHFE 1705 nickel will move between RMB 83,600-85,200/mt on Friday.

Mar 10, 2017 09:56

SMM Comments

SHFE Nickel Closes with Gains (2017-3-1)

SHFE 1705 nickel opened at RMB 90,920/mt and ended at RMB 91,090/mt, up 0.19%

Mar 1, 2017 17:07

SMM Comments

SHFE Nickel Closes with Gains (2017-3-1)

SHFE Nickel Prices Up 1.51% (2017-1-10)

SHFE 1705 nickel started at RMB 86,680/mt and finally ended at RMB 87,130/mt, up 1.51%.

Jan 10, 2017 17:05

SMM Comments

SHFE Nickel Prices Up 0.54% (2017-1-5)

SHFE 1705 nickel opened at RMB 85,880/mt and finally closed at RMB 85,250/mt, up 0.54%.

Jan 5, 2017 18:08

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SHFE Nickel to See Range-Bound Trading (2017-1-13)

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