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LME Nickel to See Range-Bound Trading (2017-5-24)
May 24, 2017 09:51SHFE 1709 nickel will fluctuate at RMB 77,200-78,200/mt, with spot prices trading at RMB 76,000-78,300/mt.
SHANGHAI, May 24 (SMM) – Market participants expect OPEC to extend crude oil cut agreement, allowing crude oil to hover at highs. Trump’s impeachment risk abated, raising market confidence. Moody's Investors Service has today downgraded China's long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable from negative. Exchange rate of offshore yuan dived against US dollar, down 0.13%. LME nickel will see range-bound trading on Wednesday and SHFE 1709 nickel will fluctuate at RMB 77,200-78,200/mt, with spot prices trading at RMB 76,000-78,300/mt.
SHFE nickel
LME nickel
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Related news
Summary of LME Nickel Trading Activity in June 2017
A monthly summary of LME Nickel trading activity for June this year is provided below.
Jul 14, 2017 20:31
LME Nickel to See Range-Bound Trading (2017-7-5)
LME nickel will see range-bound trading on Wednesday and SHFE 1709 nickel will fluctuate at RMB 74,700-75,900/mt.
Jul 5, 2017 09:26
SHFE Nickel Finishes Higher (2017-4-6)
SHFE 1709 nickel opened at RMB 86,560/mt and ended at RMB 86,440/mt, up RMB 740/mt or 0.86%.
Apr 6, 2017 17:40
SHFE Nickel Finishes with Losses (2017-3-23)
SHFE 1705 nickel opened at RMB 83,200/mt and ended at RMB 82,990/mt, down RMB 580/mt or 0.69%.
Mar 23, 2017 17:12
LME Nickel to Move at Lows (2017-3-22)
LME nickel is expected to fluctuate at lows on Wednesday and SHFE 1705 nickel will move at RMB 83,200-84,600/mt.
Mar 22, 2017 10:03SHFE Nickel Prices down 0.42% (2017-3-20)
SHFE 1705 nickel opened at RMB 85,100/mt and ended at RMB 84,450/mt, down 0.42%.
Mar 20, 2017 17:32
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