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SHFE Nickel to Set with Losses (2017-1-20)
Jan 20, 2017 09:57Source: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
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Related news
Summary of LME Nickel Trading Activity in June 2017
A monthly summary of LME Nickel trading activity for June this year is provided below.
Jul 14, 2017 20:31
LME Nickel to See Range-Bound Trading (2017-7-5)
LME nickel will see range-bound trading on Wednesday and SHFE 1709 nickel will fluctuate at RMB 74,700-75,900/mt.
Jul 5, 2017 09:26
SHFE Nickel Finishes Higher (2017-4-6)
SHFE 1709 nickel opened at RMB 86,560/mt and ended at RMB 86,440/mt, up RMB 740/mt or 0.86%.
Apr 6, 2017 17:40
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
LME Nickel to Move at Lows (2017-3-22)
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 10:03SHFE Nickel Prices down 0.42% (2017-3-20)
SHFE 1705 nickel opened at RMB 85,100/mt and ended at RMB 84,450/mt, down 0.42%.
Mar 20, 2017 17:32
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