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SHFE Nickel to Stay Firm (2017-3-6)
Mar 6, 2017 09:54Source:SMM
LME nickel will find support at the 10-day moving average on Monday and SHFE 1705 nickel will move at RMB 90,500-91,900/mt.
SHANGHAI, Mar. 6 (SMM) – Although US Federal Reserve officials’ hawkish comment strengthened expectation of rate hike, US dollar index dropped technically. LME nickel will find support at the 10-day moving average on Monday and SHFE 1705 nickel will move at RMB 90,500-91,900/mt.
In China’s domestic market, spot nickel should trade at RMB 89,400-90,600/mt on Monday.
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