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SHFE Nickel to Finish with Losses (2017-2-24)
Feb 24, 2017 09:46Source:SMM
SHFE 1705 nickel will keep falling in Friday with weakening falling strength and LME nickel will test support at the 20-day moving average.
SHANGHAI, Feb. 24 (SMM) – Base metals dropped across the board on Thursday’s night trading and LME nickel and LME zinc led the decline. SHFE 1705 nickel will keep falling in Friday with weakening falling strength and LME nickel will test support at the 20-day moving average. SHFE 1705 nickel will move at RMB 86,500-88,500/mt on Friday.
In China’s domestic market, spot nickel should trade at RMB 85,800-87,600/mt on Friday.
SHFE nickel
LME nickel
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