LME Nickel to Move Higher (2017-2-13)-Shanghai Metals Market

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LME Nickel to Move Higher (2017-2-13)

Price Review & Forecast 10:03:47AM Feb 13, 2017 Source:SMM

SHANGHAI, Feb. 13 (SMM) – Market players will see a light data calendar on Monday. US dollar index advanced on Monday morning and offshore yuan depreciated slightly. LME nickel will test the 60-day moving average on Monday and SHFE 1705 nickel will strengthen to RMB 87,500-89,500/mt.

In China’s domestic market, spot nickel should trade at RMB 86,400-88,300/mt on Monday.

Key Words:  SHFE nickel  LME nickel  nickel prices 

LME Nickel to Move Higher (2017-2-13)

Price Review & Forecast 10:03:47AM Feb 13, 2017 Source:SMM

SHANGHAI, Feb. 13 (SMM) – Market players will see a light data calendar on Monday. US dollar index advanced on Monday morning and offshore yuan depreciated slightly. LME nickel will test the 60-day moving average on Monday and SHFE 1705 nickel will strengthen to RMB 87,500-89,500/mt.

In China’s domestic market, spot nickel should trade at RMB 86,400-88,300/mt on Monday.

Key Words:  SHFE nickel  LME nickel  nickel prices