LME Nickel to Finishes with Losses (2017-3-9)

Published: Mar 9, 2017 09:58

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LME nickel will test support at USD 10,000/mt on Thursday and SHFE 1705 nickel will move between RMB 82,500-85,000/mt.

SHANGHAI, Mar. 9 (SMM) – Indonesia has issued ore export policy and mine closure in the Philippines faces obstruction, raising market negative sentiment. LME nickel will test support at USD 10,000/mt on Thursday and SHFE 1705 nickel will move between RMB 82,500-85,000/mt.

In China’s domestic market, spot nickel should trade at RMB 82,400-84,500/mt on Thursday.

SHFE nickel LME nickel nickel prices

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