LME Nickel to End with Losses (2017-4-7)

Published: Apr 7, 2017 09:42

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LME nickel will fluctuate at around the 20-day moving average on Friday and SHFE 1709 nickel will move at RMB 84,500-85,500/mt.

SHANGHAI, Apr. 7 (SMM) – LME nickel declined to USD 10,100/mt on Thursday’s night trading and tested support at the 20-day moving average. The contract will fluctuate at around the 20-day moving average on Friday and SHFE 1709 nickel will move at RMB 84,500-85,500/mt.

In China’s domestic market, spot nickel should trade at RMB 82,500-83,500/mt on Friday.

SHFE nickel LME nickel nickel prices

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