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

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

Apr 21, 2017 09:26

Source:SMM

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.

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

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