SHFE 1709 Nickel to Meet Pressure from RMB 80,000/mt (2017-4-21)

Apr 21, 2017 09:26

OPEC countries are expected to extend output cut plan, helping oil prices stop falling.

SHANGHAI, Apr. 21 (SMM) – OPEC countries are expected to extend output cut plan, helping oil prices stop falling. LME nickel may breach USD 9,500/mt today, and SHFE 1709 nickel should hover between RMB 79,000-80,500/mt, with spot prices between RMB 77,400-80,200/mt.The market will keep an eye on US existing home sales in March.

nickel prices

LME nickel prices

SHFE nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE 1709 Nickel to Meet Pressure from RMB 80,000/mt (2017-4-21)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025