SHFE Nickel to Move at Lows (2017-3-27)

Published: Mar 27, 2017 09:28

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LME nickel will meet pressure from USD 10,000/mt on Monday and SHFE 1705 nickel will fluctuate at RMB 80,700-82,500/mt.

SHANGHAI, Mar. 27 (SMM) – US dollar index opened lower on Monday and offshore yuan increased. It is learned that the Philippine allowed 8 suspended mines to export nickel ore inventories to limit the potential build up of silt in nearby waters. LME nickel will meet pressure from USD 10,000/mt on Monday and SHFE 1705 nickel will fluctuate at RMB 80,700-82,500/mt.

In China’s domestic market, spot nickel should trade at RMB 80,600-82,700/mt on Monday.

SHFE nickel LME nickel nickel prices

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