SHFE Nickel to Set with Losses (2017-1-20)

Jan 20, 2017 09:57

Source:SMM

LME nickel will move lower on Friday and SHFE 1705 nickel is expected to range between RMB 81,000-84,000/mt.

SHANGHAI, Jan. 20 (SMM) – SHFE 1705 nickel led declines on Thursday’s nigh trading. Positions of SHFE 1705 nickel continued rising, despite nearing of 2017 Chinese New Year, with capitals inflowing at RMB 210 million. LME nickel will move lower on Friday and SHFE 1705 nickel is expected to range between RMB 81,000-84,000/mt.

In China’s domestic market, spot nickel should trade at RMB 81,200-83,500/mt on Friday. Attention should be on China’s GDP in Q4 2016 and Trump’s inaugural address on Friday.

SHFE nickel

LME nickel

nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday 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.

SHFE Nickel to Set with Losses (2017-1-20)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025