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LME Nickel to Stay Firm (2017-4-6)
Apr 6, 2017 09:50Source:SMM
LME nickel and SHFE 1709 nickel will stay firm on Thursday. SHFE 1709 nickel will move at RMB 85,800-86,800/mt.
SHANGHAI, Apr. 6 (SMM) – Market players are positive on commodity market with firm US’s ADP employment and China’s Xiong’an special economic zone. This, combined with tight nickel ore supply, sends nickel prices up. LME nickel and SHFE 1709 nickel will stay firm on Thursday but eyes should be on a possible decline after rapid rise. SHFE 1709 nickel will move at RMB 85,800-86,800/mt on Thursday.
In China’s domestic market, spot nickel should trade at RMB 83,700-85,000/mt on Thursday.
SHFE nickel
LME nickel
nickel prices
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